Indian shares open flat as global rally pauses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
0mins
Source: Reuters
Market Overview: Indian shares opened slightly lower, with the NSE Nifty 50 down 0.04% and the S&P BSE Sensex down 0.07%, as investors await Federal Reserve Chair Jerome Powell's speech regarding potential U.S. rate cuts.
Sector Performance: Despite a positive short-term outlook, nine of the 13 major sectors in India experienced losses at market open, while Ambuja Cements saw a rise due to significant block deals.
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.
