Indian shares likely to open higher on easing oil prices, bond yields

Business Recorder reported that India's equity market was expected to start Tuesday's session on a firmer note. The forecast followed advances on Wall Street and across Asian exchanges, while softer crude and lower US Treasury yields improved sentiment. GIFT Nifty futures stood at 23,500 at 7:45 a.m. IST, pointing to a positive opening for the Nifty 50 after it finished Monday at 23,414.3.

Brent crude hovered near $101 per barrel, having declined for four straight sessions through Monday, while the US 10-year yield dropped that day. Overseas, the Nasdaq set a fresh record high overnight, and MSCI's broadest Asia Pacific index excluding Japan climbed 1.5%. Attention also centred on a Sunday exchange of threats between Iran and the US, after which Trump said he was willing to sit down with Iranian President Masoud Pezeshkian, who is set to attend the UN General Assembly in New York later this week.

The Nifty 50 has gained 1.3% over the last four sessions as lower oil prices and buying on bargains after recent declines lifted it. Foreign investors, however, were net sellers worth 5.76 billion rupees ($60.12 million) on Monday, per provisional figures, and have sold on seven of the previous eight sessions.