Indian Shares Fall 0.95%, Weighed by Auto, Consumer Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2024
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Source: WSJ
Market Performance: India's Sensex dropped 0.95% to 83461.69, primarily due to declines in auto and consumer stocks, with Tata Motors, Mahindra & Mahindra, and Asian Paints experiencing notable losses.
Geopolitical Tensions and Economic Indicators: Investors are concerned about escalating tensions in the Middle East following Iran's missile attack, while also awaiting U.S. non-farm payroll figures that could influence the Federal Reserve's interest rate decisions.
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.
