Indian shares set to open higher as Jio Platforms IPO takes focus
GIFT Nifty futures point to a positive start in India as investors turn to the record Jio Platforms share sale, Reuters reports.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, Indian shares are expected to open higher on Wednesday as attention shifts to the launch of Jio Platforms' $3.2 billion IPO, which would be India's largest on record. GIFT Nifty futures stood at 23,017 at 7:57 a.m. IST, against the Nifty 50's Monday close of 22,888.95.
Sentiment may also get support from US Secretary of State Marco Rubio, who said he expects a US-India trade deal within weeks. However, Brent crude rose more than 1% to $110 a barrel amid concerns over Red Sea shipping disruptions and threats to Saudi oil infrastructure, which could limit gains.
why it matters
For India, which imports most of its energy, costlier crude raises the import bill, strains the fiscal deficit and can squeeze corporate profits. Indexes fell more than 1% on Monday after HDFC Bank and Axis Bank reported lower net interest margins, keeping the banking sector in focus.
market impact
Indian market: pricier oil pressures energy importers, while the Jio IPO supports interest in local equities
tags
instruments
sources
- Indian shares poised to open higher as focus shifts to Jio Platforms IPO — Reuters, 21 October 2026 at 02:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗