Heading: INDIAN SHARES MAY OPEN HIGHER, ELEVATED CRUDE PRICES TO WEIGH - 2026-08-12
• GIFT Nifty futures were at 24,553 points Published August 12, 2026 Updated 9 minutes ago Indian shares may open marginally higher on Wednesday, supported by positive earnings and foreign buying, though high oil prices and caution ahead of US inflation data are likely to keep investor sentiment in check. GIFT Nifty futures were at 24,553 points, as of 8:03 a.m. IST, indicating a positive start for the Nifty 50, which closed at 24,471.7 on Tuesday. The Nifty 50 and the BSE Sensex dropped 0.5% each on Tuesday as investors worried over elevated crude oil prices. Oil extended gains and Wall Street finished lower on Tuesday as traders ⁠grew more pessimistic about a potential deal to bring stability to the Middle East and reopen the Strait of Hormuz. The United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday as prospects for…
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