Indian shares dip at the open, Bajaj Finance drops
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
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Source: Reuters
Market Performance: Indian shares opened lower due to a selloff across most sectors, influenced by concerns over the escalating Middle East conflict and significant foreign outflows, with the Nifty 50 index down 0.47% and the S&P BSE Sensex down 0.45%.
Sector Impact: Twelve of the thirteen sectoral indexes declined, with notable losses in non-bank lenders like Bajaj Finance and Mahindra and Mahindra Financial Services, which reported drops in loan bookings and disbursements, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
