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Indian shares set to inch higher as oil eases; IPO rush to cap upside
Indian shares are likely to open marginally higher on Friday, aided by a pullback in crude oil prices, although persistent geopolitical risks in the Middle East and heavy demand for domestic initial public offerings may cap upside. India’s Tata group stocks will also be in focus after Tata Sons reappointed N. Chandrasekaran as chairman and said it would consider a public listing, while shareholder Shapoorji Pallonji Group has proposed selling part of its stake. GIFT Nifty futures were trading around 23,329.5 points, as of 8:30 a.m. IST, indicating a positive start for the benchmark Nifty 5...
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