India, March 10 -- Indian shares are set to open higher on Tuesday, after ending the last session near one-year lows, as U.S. President Donald Trump hinted the war in Iran could end soon, knocking oil off three-year highs and easing fears of a prolonged supply shock.

GIFT Nifty futures were at 24,393.50 at 08:11 a.m. IST, indicating the the Nifty 50 will open above Monday's close of 24,028.05.

The conflict in the Middle East had already dragged the Nifty 50 and Sensex to their worst weekly performance in more than a year, with both benchmarks losing about 2.9% last week.

On Monday, the benchmarks logged their sharpest fall in a month, while the volatility index surged to a 21-month high.

Other Asian stocks climbed on the day, while U....