Indian shares set to open lower tracking Asian peers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
0mins
Source: Reuters
Market Overview: Indian shares are expected to open lower due to weak U.S. labor market data raising concerns about a potential economic slowdown, with the Nifty 50 likely starting below its previous close after a significant drop in global equities.
Company Updates: Britannia Industries and Titan Company are under scrutiny for missing profit estimates amid tough competition and high gold prices, respectively, while State Bank of India reported strong quarterly profits driven by loan growth.
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.
