The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023.
REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares are expected to open lower on Thursday, tracking global markets, as worries over higher interest rates and surging crude prices weighed.
Domestic investors will also focus on surging crude prices, which rose 3% overnight.
Higher oil prices will negatively impact India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains.
FIIs sold 3.54 billion rupees ($42.53 million) of shares, while domestic investors bought 3.86 billion rupees shares on Wednesday, provisional exchange data showed.
Persons:
Francis Mascarenhas, FIIs, Janane
Organizations:
Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Treasury, Dixon Technologies, Sethuraman NR, Thomson
Locations:
Mumbai, India, Skyserve, Bengaluru