Indian shares set for muted open
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Reuters
Market Overview: Indian shares are expected to open slightly lower as investors await new developments, with foreign institutional investors continuing to sell off stocks amid significant outflows totaling $7.9 billion in October.
Key Stocks and Events: Major companies like Bajaj Auto are set to report earnings, while Hyundai India's IPO saw an 18% subscription on its first day; additionally, the Indian government plans to sell a stake in Cochin Shipyard.
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.
