June 10 (Reuters) – Indian shares are set to open little changed on Wednesday, as renewed hostilities between the United States and Iran cloud hopes for a durable ceasefire and keep global markets on edge.
GIFT Nifty futures were trading at 23,257 as of 7:53 a.m. IST, indicating that the benchmark Nifty 50 would open near Tuesday’s close of 23,242.1.
The Nifty and the Sensex each gained about 0.5% in the previous session, supported by the Reserve Bank of India’s forex swap facility for banks’ overseas foreign-currency borrowing and a pause in Middle East hostilities.
Middle East tensions flared again after the United States launched strikes against Iran after President Donald Trump said that Tehran had downed a U.S. Apache helicopter in the Strait of Hormuz.
Broader Asian stock markets fell 1.3%, with investors awaiting U.S. inflation data due later in the day for clues on the future path of interest rates.[MKTS/GLOB]
Oil prices edged higher, with Brent crude rising 0.7% after sliding to a seven-week low on Tuesday.
Higher crude prices are a key risk for the world’s third-largest oil importer as they weigh on growth, squeeze corporate margins and add to inflation pressures.[O/R]
Those concerns have already contributed to record foreign portfolio investor outflows from Indian equities in 2026, with net sales reaching $30.04 billion as of Wednesday’s close.
The Nifty and the Sensex have fallen 7.7% and 9.1%, respectively, since the start of the Iran war.
Among sectors, information technology stocks are likely to be in focus amid easing H-1B-related concerns and ex-dividend adjustments in heavyweights such as Infosys.
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(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Subhranshu Sahu)