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Indian shares eye positive start after sharp drop, but elevated oil, yields weigh
Indian shares are expected to open higher on Friday, after recording their steepest drop in 10 weeks in the previous session, although elevated crude prices and global bond yields will continue to test the market. GIFT Nifty futures were at 23,116 points, as of 7:40 a.m. IST, indicating a positive start for the benchmark Nifty 50 index, which closed at 23,063.1 on Thursday. The Nifty 50 and BSE Sensex logged their biggest daily percentage drop in 10 weeks on Thursday as surging oil prices stoked inflation concerns, while heavyweight financials slid on proposed insurance commission caps th...
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