Indian Stocks May Open Higher on Iran Talks Hopes and Strong Reliance Results

what happened

According to Reuters, futures on the Indian market point to a higher open on Monday. Brent slipped to $111 a barrel from $118 on Friday, a six-month high, after Iranian and Qatari negotiators spent a third consecutive day discussing ways to end the US-Israeli war with Iran.

Reliance Industries, India's most valuable company, reported a 40.6% jump in quarterly net profit, driven by its energy business and the Jio Platforms digital arm, whose profit rose 13.7%. Jio listed last week and quickly became the country's second largest company by market value. Foreign investors bought 36 billion rupees of Indian shares on Friday, according to provisional figures.

Among stocks in focus, Maruti Suzuki said its total sales in October grew roughly 21%, Bharat Electronics reported about a 20% rise in second-quarter profit, and drug regulators ordered Sun Pharma to halt production of eye products at its Assam plant.

why it matters

Cheaper crude eases cost pressure on oil importers such as India, while Reliance's strong report and renewed foreign buying could lift sentiment after a turbulent 2026 selloff. The outcome of the Iran negotiations remains the key variable for markets.

market impact

Brent: hopes of an Iran deal ease supply worries and weigh on crude; Indian stocks gain from cheaper oil

• ▼Brent pressure down — hopes of a deal ease fears of supply disruption
• ▲Nifty 50 pressure up — cheaper oil and foreign buying support sentiment
• ▲Reliance Industries shares pressure up — profit came in above analyst expectations

tags

instruments