Indian Shares Seen Opening Flat On Weak Global Cues

Indian shares are seen opening on a cautious note on Wednesday as investors weigh persistent geopolitical risks and await key U.S. consumer and producer price readings for fresh insights into the Federal Reserve’s next move.

Brent crude futures held above $89 a barrel, rising for the sixth consecutive session following mixed signals surrounding a potential deal between the U.S. and Iran.

Pakistan’s defense minister Khawaja Asif said the U.S. and Iran are close to “some sort of an arrangement” and that “things are shaping up again in favor of a peace arrangement or a deal.”