Indian shares are set to open higher on Monday and snap recent losses linked to higher crude prices, as analysts assess stock-specific cues from quarterly earnings ​of Reliance and Axis Bank.

GIFT Nifty futures were trading at 24,143.50 ‌points, as of 8:15 a.m. IST, indicating that the benchmark Nifty 50 (.NSEI) would open about 1% above Friday's close of 23,897.95.

Both benchmark indexes lost 2.7% each in the previous three sessions, as ​higher crude prices due to the Iran war crisis and weak earnings outlook ​by software companies such as Infosys (INFY.NS) and HCLTech (HCLT.NS) weighed on risk sentiment.

Brent crude ⁠traded at roughly $107 a barrel after stalled U.S.-Iran peace negotiations prolonged the disruption of ​Middle East energy exports, raising fears of global slowdown and inflation ahead of key ​central bank rate decisions.

While sentiment remains subdued, there might be a temporary buying support on Monday for benchmark stocks on cheaper valuations following recent correction, two analysts said.

Other Asian markets (.MIAPJ0000PUS) rose 1.5%, led ​by South Korean stocks tracking a rally in U.S. technology companies after strong ​results from Intel (INTC.O).

Several high-profile technology-linked companies such as Amazon (AMZN.O), Alphabet (GOOGL.O) and Meta (META.O) will report their quarterly results ‌this week, ⁠which could impact the technology sector in Asia.

Among domestic stocks, Reliance Industries (RELI.NS) will be in focus after the oil-to-telecom conglomerate missed quarterly profit expectations on Friday, pressured by higher input costs and supply disruptions linked to the Iran war.

Private lender Axis Bank (AXBK.NS) could ​also be in ​pressure after reporting a marginal ⁠drop in fourth-quarter profit over the weekend, impacted by lower income from treasury operations and higher provisions.

Foreign portfolio investors (FPI) remained net ​sellers of Indian stocks for a fifth consecutive session on ​Friday, while ⁠domestic institutional investors (DII) bought domestic shares for the fifth session.

STOCKS TO WATCH

** IndusInd Bank (INBK.NS) beats March-quarter profit view on fewer new bad loans

** RBL Bank (RATB.NS) reports a jump in quarterly profit ⁠on solid ​loan growth

** Sun Pharma (SUN.NS) says it will buy U.S.-listed ​drugmaker Organon in about $11.8 billion deal

** India's central bank cancels Paytm's (PAYT.NS) Payments Bank license

** Indian Hume Pipe (IHME.NS) secures an irrigation ​project worth 4.18 billion rupees