Indian shares open higher tracking Asian peers; realty stocks advance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
0mins
Source: Reuters
Indian Stock Market Performance: Indian shares opened higher, with the NSE Nifty 50 index rising 1.18% and the S&P BSE Sensex increasing by 1.17%, driven by gains across all major sectors and a significant jump in realty stocks following relaxed property tax rules.
Corporate Earnings Updates: Drug maker Lupin saw a 3.5% surge in stock price after reporting higher-than-expected profits, while Gland Pharma's stock fell 8% due to a surprise decline in profits attributed to high employee costs and lower U.S. product prices.
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.
