Indian shares seen opening higher on lower crude and inflow hopes
In short
Indian shares are expected to open higher because crude prices are lower and investors are hopeful about foreign money coming in. On Sunday, the Nifty 50 and BSE Sensex slipped a little in a special Diwali session after seven straight winning sessions.
What the reporting says
Indian shares were expected to open higher on lower crude prices and optimism over foreign inflows, after the Nifty 50 and BSE Sensex edged lower in a special Diwali session on Sunday. The benchmarks had been consolidating after a seven-session winning streak. The brief points to a firmer open despite the previous session’s slight pullback.
Why it matters
Indian shares were seen likely to open higher on lower crude prices and optimism about foreign inflows, following a small decline in the Nifty 50 and BSE Sensex during a special Diwali session on Sunday. The benchmark indices had been consolidating after a seven-session winning streak. The setup suggests support for Indian equities, even after the brief pullback.