Indian shares set for tepid start ahead of US inflation data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Source: reuters
- Market Outlook: Indian shares expected to open lackluster due to global weakness, awaiting U.S. inflation data for Fed rate clues.
- Current Market Status: Nifty 50 likely to open slightly higher than the previous close.
- Global Market Trends: Asian markets trading lower; MSCI Asia ex-Japan down by 0.89%.
- Factors Affecting Markets: Uncertainty around U.S. economic strength and inflation pressures impacting market sentiment.
- Key Earnings and Deals: Tata Steel, Bata India, Cummins India, Hindalco Industries, and Reliance Industries involved in significant financial activities.
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.
