Indian shares hit record highs, tracking Asian peers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
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Should l Buy ?
Source: Reuters
Indian Stock Market Performance: Indian shares reached record highs, with the NSE Nifty 50 and S&P BSE Sensex both rising by 0.33%, supported by positive U.S. economic data and strong domestic institutional investments.
Sector Movements and Anticipated Data: Eleven out of thirteen major sectors gained, while investors await U.S. inflation data and India's quarterly growth figures, which are expected to show a slowdown due to reduced government spending.
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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.
