Indian Shares Seen Lower On Hawkish Fed

Indian shares are seen opening a tad lower on Thursday as investors react to a hawkish Federal Reserve policy and look forward to the signing of the U.S.-Iran peace agreement, which may rapidly unlock Iranian oil exports, channel funds into its economy and begin a phased rollback of sanctions in exchange for nuclear curbs.

Both the U.S. and Iran have released the full text of a recently finalized memorandum of understanding, which seeks to extend a ceasefire announced in April by another 60 days to allow the two sides to negotiate a final truce.