---
title: "Indian shares seen opening higher; elevated oil to cap gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284484412.md"
description: "Indian shares are expected to open slightly higher on Wednesday, with GIFT Nifty futures indicating a rise above Tuesday's close. However, rising oil prices due to the U.S. extending its blockade of Iranian ports and ongoing foreign outflows may limit gains."
datetime: "2026-04-29T03:11:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284484412.md)
  - [en](https://longbridge.com/en/news/284484412.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284484412.md)
generator: "portal-rs"
---

# Indian shares seen opening higher; elevated oil to cap gains

April 29 (Reuters) - Indian shares are set to open marginally higher on Wednesday, though surging oil prices following reports the U.S. will extend its blockade of Iranian ports and persistent foreign outflows are likely to cap gains. GIFT Nifty futures were trading at 24,099.50 points as of 8:15 a.m. IST, indicating that the benchmark Nifty 50 would open above Tuesday's close of 23,995.70. The

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**