India, Oct. 22 -- Indian shares are seen opening higher on Friday, with information technology stocks likely to be in the spotlight after the Philadelphia Semiconductor Index plummeted 6.7 percent to its lowest closing level in almost three months overnight following disappointing earnings from Meta Platforms and Tesla, and amid lingering concerns over rising AI-related spending.
However, with crude oil prices surging to a five-month high following Houthi strikes on Saudi oil infrastructure and Red Sea ports, broader market sentiment may remain fragile.
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