Indian stocks set to rise on Middle East peace hopes
Indian shares are set to rise as hopes for a Middle East de-escalation lowered oil prices. The Nifty 50 will open higher following a holiday on Tuesday.
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Equity benchmarks in India are expected to open higher on Wednesday, following a positive trend in Asian markets. The shift in sentiment comes as investors hope for a de-escalation of tensions in the Middle East, which has previously pressured global oil prices and inflation. GIFT Nifty futures were recently trading at 22,768, indicating the Nifty 50 will likely open above Monday’s close of 22,331.4 points.
