Indian shares set for lower open as oil rise weighs; Jio market debut in focus
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian shares were set to open lower on Wednesday as rising oil prices weighed on market sentiment.
- ✓Investors also kept a close watch on the highly anticipated Jio Platforms listing.
- ✓Meanwhile, GIFT Nifty futures at 22,593 showed a weaker start after the Nifty 50 closed at 22,749.75 on Tuesday.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Indian shares were set to open lower on Wednesday as rising oil prices weighed on risk appetite ahead of the Federal Reserve's policy decision later in the day, with Jio Platforms' highly anticipated listing also in focus.
Mukesh Ambani's telecoms and digital unit is poised to become India's fourth-largest listed company by market value, behind parent Reliance Industries, Bharti Airtel and HDFC Bank.
The company's record $3.2 billion initial public offering last week attracted bids worth $77 billion, making it India's most-subscribed offering ever and underscoring strong investor demand for the high-profile listing.
GIFT Nifty futures were at 22,593 as of 7:59 a.m. IST, indicating a weaker start for the benchmark Nifty 50 , which closed at 22,749.75 on Tuesday.
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