Indian shares tipped to open higher, with oil prices capping gains 

BENGALURU: On the strength of positive performance reports by corporations ahead of quarterly reporting, Indian equities are anticipated to open higher on Thursday, though gains may be limited by rising oil costs and weak global markets.

As of 02:25 GMT, the NSE stock futures for India were up 0.5% on the Singapore Exchange, while the broadest MSCI index of Asia-Pacific shares outside of Japan was up 0.2%.

On Tuesday, the S&P BSE Sensex increased 2.3% to 58,065.47 and the NSE Nifty 50 index increased 2.3% to 17,274.30.

On Wednesday, there was a holiday and the markets were closed.

Following OPEC+'s decision to reduce oil output by around 2 million barrels per day, which will further constrict the global crude supply, oil prices started to rise in early Asian trade on Thursday.

Indian stocks increase by 2% as

Foreign institutional investors bought net 13.45 billion Indian rupees ($164.8 million) worth of equities on Tuesday, while domestic investors bought net 9.46 billion rupees worth, as per provisional data available with the National Stock Exchange.

Top intraday trading ideas for afternoon trade on Wednesday, March 11, 2022

DLF is a 'Buy' call with a target price of Rs 194 and a stop loss of Rs 178.

Apollo Hospitals is a 'Buy' call with a target price of Rs 1700 and a stop loss of Rs 1600.