Indian shares are expected to open cautiously on Tuesday, tracking weak global cues. A continued decline in oil prices, with Brent crude falling below $88 a barrel for a third straight session, and mounting doubts over returns from artificial-intelligence spending may support sentiment later in the session. Benchmark indexes Sensex and Nifty jumped around 1 percent each on Monday, snapping a five-day losing streak, while the rupee rose by 68 paise to close at 95.88 against the dollar, its biggest single-day gain in seven weeks. RBI Governor Sanjay Malhotra said banks have mobilized nearly $32 billion, largely through FCNR(B) deposits, and the central bank remains committed to currency and financial stability. Foreign investors net sold shares worth Rs 1,688 crore on Monday, while domestic institutional investors net bought shares worth Rs 2,329 crore.
Brent crude falls below $88/barrel for third straight session, indicating continued decline.
RBI governor commits to currency stability and banks mobilized $32B via FCNR(B) deposits, supporting rupee strength.