New Delhi, Nov. 5 -- Indian shares are expected to open higher on Thursday, as crude oil prices slumped to a two-month low as investors bet that Democrats' victory in US midterm elections could hasten the end of the US-Israeli war on Iran.

GIFT Nifty futures were at 24,295.5 as of 8:01 a.m. IST, indicating a positive start for the benchmark Nifty 50 , which closed at 23,960.6 on Wednesday.

Foreign investors bought Indian shares worth 72.84 billion rupees ($769.65 million) on Wednesday, as per provisional data. This marks their fourth straight session of buying, suggesting they may be returning to India after a strong sell-off this year.

Brent crude futures dropped 1% to $93.5 per barrel, after an 8.7% slide in the previous session.

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