Indian shares pressured by profit-booking near record highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
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Source: Reuters
Market Performance: Indian shares opened lower as investors engaged in profit-booking following recent all-time highs, with the NSE Nifty 50 down 0.06% and the S&P BSE Sensex down 0.05%.
Sector Trends: While six of the thirteen major sectors experienced losses, small and mid-cap stocks showed slight gains, and notable increases were seen in Colgate Palmolive India and Pfizer Ltd after reporting higher quarterly profits.
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.
