Indian shares set for muted open after three-day losing run
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
0mins
Source: Reuters
Market Overview: Indian shares are expected to open slightly lower after three consecutive days of losses, driven by foreign fund outflows and disappointing earnings reports from major companies like Infosys and Wipro.
Foreign Investment Trends: Foreign institutional investors have been net sellers for fourteen sessions, withdrawing $8.4 billion in October, marking the highest monthly outflow since at least 2002, as they shift their focus towards China.
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.
