Indian shares open higher, helped by Hindalco
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
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Source: Reuters
Market Recovery: Indian shares opened higher after three consecutive declines, driven by gains from Hindalco, which exceeded quarterly profit estimates. The NSE Nifty 50 and BSE Sensex both rose by 0.3%.
Investor Sentiment: Traders are capitalizing on lower valuations following recent dips, while the market awaits inflation data expected to show a rise to a 14-month high of 5.81%.
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.
