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Indian shares seen opening lower as high oil prices fuel inflation worries
Indian shares are expected to open lower on Thursday, extending losses from the previous two sessions, as the escalating Middle East war keeps oil above $110 per barrel, stoking inflation concerns. GIFT Nifty futures were at 22,643 at 7:55 a.m. IST (0225 GMT), indicating a negative start for the benchmark Nifty 50 which closed at 22,811.35 on Wednesday. Brent crude futures were up 1.3% at $110.3 per barrel as more attacks in Saudi Arabia by Yemen’s Houthis prompted the United States to order some diplomats and family members to leave its missions in the kingdom. Higher oil prices are a ne...
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