Indian shares open higher after US inflation relief
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Source: Reuters
Indian Stock Market Performance: Indian shares opened higher, with the Nifty 50 up 0.53% and BSE Sensex rising 0.58%, driven by positive sentiment from easing U.S. inflation data that suggests potential rate cuts by the Federal Reserve.
Corporate Updates: HDFC Life reported a profit increase due to insurance growth, L&T Technology missed revenue estimates, Azad Engineering secured a significant contract, and Shalby's unit received U.S. regulatory approval for a knee replacement device.
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.
