Indian Shares Set to Open Higher as Oil Prices Ease

Indian shares are expected to open higher as easing crude prices offer relief. Meanwhile, BSE will replace Wipro in the benchmark Nifty 50 index following the exchange review.

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The Bombay Stock Exchange logo is seen under a bull statue at the entrance of their building in Mumbai, India January 30, 2018. REUTERS/Shailesh Andrade

India's benchmark shares are poised for a positive open Wednesday morning as easing crude oil prices temper recent losses. GIFT Nifty futures traded at 22,834 points during the early session. The upward trajectory follows a sharp 5.8% drop across India benchmarks through September, marking the worst monthly performance since March.

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