Indian shares are set to open higher on Monday, tracking gains across Asian markets after signs of progress in U.S.-Iran peace talks eased concerns that ​negotiations were at risk of collapsing.

GIFT Nifty futures were trading at ‌24,129.50 as of 7:52 a.m. IST, indicating the Nifty 50 (.NSEI) could open above Monday's close of 24,013.10.

Broader Asian markets (.MIAPJ0000PUS) rose 0.7%, while Brent crude fell 1.4% and stayed below $80 a barrel, ​offering relief to oil-importing economies.

A joint statement from Qatar and Pakistan said ​the first round of U.S.-Iran talks had ended with progress on a ⁠roadmap for a final deal within 60 days.

The update helped calm investor ​nerves after U.S. President Donald Trump threatened fresh strikes on Iran, even as Vice President ​JD Vance met Iranian officials for the first talks under an interim peace deal.

Meanwhile, India's shipping minister said on Saturday that three Indian-flagged tankers carrying more than 860,000 metric tons of oil ​had safely crossed the Strait of Hormuz, which handles about a fifth of ​global oil supply.

Domestic benchmarks Nifty 50 and Sensex (.BSESN) rose about 1.7% each last week, supported by ‌lower ⁠oil prices, though they snapped a five-session winning streak on Friday as IT stocks fell after Accenture's weak demand forecast.

Foreign portfolio investors bought Indian shares worth 48.59 billion rupees ($515.2 million) on Friday, the highest daily inflow since early February, while domestic ​institutions sold 11.6 ​billion rupees.

Among stocks, ⁠Reliance Industries (RELI.NS) will be in focus as investors assess objectives laid out at its annual general meeting on Friday.

STOCKS TO WATCH

** ​Aurobindo Pharma's (ARBN.NS) U.S. unit receives FTC approval to acquire Lannett Company in ​a ⁠deal valued at $250 million

** Bharat Forge (BFRG.NS) signs a 4.25-billion-rupee contract with the Defence Ministry to supply gas turbine generators to the Indian Navy

** BCL Industries (BCLN.BO) reports fire incident at its Bathinda ⁠distillery ​involving an ethanol tanker. No injuries have been ​reported as company initiates loss assessment

** Kirloskar Oil Engines (KIRO.NS) secures a significant order from HyperNext for large-scale data ​center infrastructure

($1 = 94.3200 Indian rupees)