Indian shares are likely to open flat after five days of gains, with hopes of peace between Russia and Ukraine. Sensex and Nifty rose 0.3% on Wednesday, supported by GST reforms and India-China ties progress. Rupee closed at 87.07 against the dollar. Foreign investors sold shares worth Rs 1,100 crore, while domestic investors bought Rs 1,806 crore. Asian markets were mostly higher, with the dollar stable and gold lower ahead of Jerome Powell’s Jackson Hole speech. Oil held gains after a U.S. inventory drawdown. U.S. stocks closed lower after Fed meeting minutes and reports on equity stakes in chipmakers. European stocks ended mixed.

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