Indian shares off to a muted start; Hyundai market debut in focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
0mins
Source: Reuters
Market Performance: Indian shares opened slightly higher amid lackluster earnings and ongoing foreign selling, with the NSE Nifty 50 up 0.07% and the BSE Sensex up 0.1%. However, seven of the 13 major sectoral indexes declined, and small-caps and mid-caps fell by 1% and 0.3%, respectively.
Economic Factors: Foreign outflows from Indian equities continued for the 16th consecutive session, influenced by profit-taking since record highs in September, as well as geopolitical tensions in the Middle East and uncertainty regarding U.S. presidential elections.
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.
