Indian shares open marginally lower as tepid earnings, persistent foreign outflows weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
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Source: Reuters
Market Performance: Indian shares opened slightly lower after ending a six-session losing streak, with the NSE Nifty 50 down 0.13% and BSE Sensex down 0.2%, amid concerns over a lackluster earnings season and ongoing foreign selling.
Sector Movements: Eight out of thirteen major sectors experienced losses, particularly in information technology and auto sectors, while foreign institutional investors continued to sell off Indian equities, contributing to significant monthly outflows.
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.
