Indian shares set to rise as oil prices drop on Iran deal
The Nifty 50 is expected to open higher following a sharp decline in Brent crude prices and signs of easing Middle East tensions. Global markets gained support from strong Nvidia results while domestic investors look to corporate earnings from Apollo Hospitals and Jubilant FoodWorks.
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India equity markets are set to open higher on Thursday after Brent crude prices fell 5.6%. The GIFT Nifty futures rose to 23,791.50, signaling the Nifty 50 will surpass its previous close of 23,659. Lower energy costs reduce inflationary pressure on the world's third-largest crude importer, potentially stabilizing corporate margins.
