Indian shares continue to scale new peaks after U.S. rate cut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
0mins
Should l Buy ?
Source: Reuters
Indian Stock Market Performance: Indian shares reached record highs for the third consecutive session, with the Nifty 50 index rising 0.57% and the S&P BSE Sensex gaining 0.45%, driven by increased investor confidence following a significant U.S. rate cut.
Sector Gains and Investor Sentiment: Most sectors advanced, particularly public sector banks and oil stocks, while foreign institutional investors purchased substantial amounts of Indian shares, indicating strong long-term investment potential in India despite elevated valuations.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
