Indian shares set to open little changed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Source: Reuters
Market Performance: Indian shares are expected to open flat after experiencing their largest monthly decline since March 2020, driven by continuous foreign fund outflows and disappointing corporate earnings.
Investor Sentiment: Foreign portfolio investors have sold off Indian shares for 23 consecutive sessions, with a total outflow of about $11 billion, as they shift investments to China due to its stimulus measures and lower valuations.
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.
