Indian shares off to a muted start; consumer stocks fall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Should l Buy ?
Source: Reuters
Market Performance: Indian shares opened slightly higher after a strong previous week, with the NSE Nifty 50 up 0.03% and the BSE Sensex up 0.01%, despite a decline in consumer stocks due to a weak sales forecast from Godrej Consumer Products.
Economic Outlook: The positive sentiment in domestic equities is tempered by expectations of modest market movements ahead of upcoming U.S. and domestic inflation data, following a recent cut in the cash reserve ratio by the Reserve Bank of India.
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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.
