Indian shares open higher; IT stocks lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2024
0mins
Source: Reuters
Market Performance: Indian shares opened higher, with the Nifty 50 index rising 0.18% and the S&P BSE Sensex increasing by 0.23%, driven by gains in information technology and auto stocks.
Sector Highlights: The IT sector saw a notable rise of 0.75%, led by Tech Mahindra's 3.5% increase following an upgrade from CLSA, while auto stocks also gained 0.5% due to strong sales figures from Mahindra & Mahindra.
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.
