Indian Shares Seen Opening Lower As Oil Spikes

Indian shares are seen opening a tad lower on Thursday as investors react to exit poll projections for various states, surging oil prices, a divided Federal Reserve policy decision and mixed earnings from mega-cap U.S. companies, with Meta Platforms significantly increasing its investment in artificial intelligence infrastructure.

Benchmark indexes Sensex and Nifty jumped around 0.8 percent each on Wednesday despite ongoing geopolitical tensions and renewed foreign fund outflows.