Indian shares were expected to open higher on Thursday, tracking broader Asia as global bond markets steadied after the U.S. Treasury announced steps to bring down rising borrowing rates.
Elevated crude oil prices and persistent Middle East tensions were, however, seen limiting risk appetite.
GIFT Nifty futures were at 24,241 points, as of 7:56 a.m. IST, indicating a positive start for the benchmark Nifty 50 index, which closed at 24,078.3 on Wednesday.
The 50-stock index has fallen for seven straight sessions, losing 2.1% in its longest run of declines in 11 months, as higher oil prices and bond yields dampened appetite for risk assets.
The U.S. Treasury said overnight it would double buyback sizes for long-duration debt as it sought to stanch an upward march in yields that sent the 30-year Treasury yield to its highest level since 2007 earlier this week.
The move eased investor nerves over rising borrowing costs, sending the dollar lower and supporting stocks. Asian stock markets jumped over 2%, while U.S. equities also gained overnight.
Higher Treasury yields make India and other emerging markets relatively less attractive for foreign investors, who have already sold a record $24.7 billion worth of Indian shares so far in 2026.
On Wednesday, foreign investors net bought Indian shares worth 4.1 billion rupees, according to provisional data, in what would be their third session of buying in four.
Brent crude futures remained elevated around $92 per barrel as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz.
STOCKS TO WATCH
** Newly listed integrated IT solutions company Xtranet Technologies reports higher first-quarter revenue and profit
** Lohia Corp reports a four-fold jump in profit for the June quarter and 59.5% rise in revenue
Published on August 20, 2026
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