Indian markets likely to open higher as crude oil falls and global equities rally

Indian markets are likely to open higher on Thursday amid positive global cues, as crude oil prices slumped. Norbert Rücker, Head of Economics and Next Generation Research, Julius Baer, said: “The twists and turns continue. The United States called off safeguarding of trade through Hormuz again, keeping uncertainty high, and transits are down to a trickle for the time being. Oil prices dropped below $110 despite the persistent gridlock, possibly for the simple fact that these latest twists triggered some hostilities but not a pronounced escalation. “Politics aside, the oil market has moved past the initial shock reaction and has…