Indian shares were set to open higher on Thursday, with GIFT Nifty futures at 24,360.50 points at 8:12 a.m. IST versus the Nifty 50's Wednesday close of 24,207.75. Brent crude fell 0.5% to $87.50 a barrel as expectations grew that talks involving Iran, Qatar and Oman could ease risks to shipping through the Strait of Hormuz. Asian technology stocks gained after Nvidia reported quarterly revenue that more than doubled and forecast third-quarter revenue above Wall Street expectations. The broader outlook remained mixed as U.S. inflation stayed above the Federal Reserve's 2% target for a 65th consecutive month. India's Nifty 50 and Sensex fell 0.5% and 0.2% on Wednesday. Foreign portfolio investors were net buyers for a third straight session, purchasing 5.03 billion rupees ($52.72 million), while domestic institutional investors bought 64.25 billion rupees. Overseas investors have bought $2.85 billion of Indian stocks in August so far, the highest monthly total since September 2024. Bharat Electronics, Juniper Green Energy and Titagarh Rail Systems were among the stocks to watch.