Indian Shares Seen Tad Higher At Open

Indian shares look set to open higher on Wednesday as softer U.S. inflation data helped traders to scale back their expectations for Federal Reserve interest rate hikes.

Overall gains, however, may remain limited as oil prices extended gains for a third straight session after the U.S. reinstated its blockade of Iranian ports and President Donald Trump warned of additional strikes on Iran.

U.S. forces will intensify their campaign in the coming days, targeting power plants and bridges if Iran refuses to sign a deal with Washington, Trump was quoted as saying by Fox News.