Indian Shares Seen Tad Higher At Open After Wednesday’s Selloff

Indian shares look set to open on a positive note Thursday, though volatility cannot be ruled out as investors react to renewed geopolitical tensions and a spike in crude oil prices.

The U.S. military struck Iran for the second straight day, threatening to strain an already fragile ceasefire and heightening concerns over Middle East crude supplies.

In a social media post, the U.S. Central Command said the additional strikes were launched “to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz.”