Indian shares expected to open lower on global tensions
Indian benchmark indices are poised for a lower start following renewed geopolitical tensions and rising US Treasury yields. Foreign investors continue to offload domestic equities as elevated energy prices pressure the economy while markets react to a fresh round of corporate earnings.
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India's Nifty 50 is set to open below 23,618 on Wednesday as GIFT Nifty futures fell to 23,417. Elevated bond yields and Brent Crude Oil prices follow renewed United States threats against Iran. Foreign investors have pulled $23 billion from Indian equities year-to-date, citing energy-driven inflation concerns.
