Indian shares pressured by profit-booking near record highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
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Should l Buy ?
Source: Reuters
Market Performance: Indian shares opened lower as investors engaged in profit-booking following recent all-time highs, with the NSE Nifty 50 down 0.06% and the S&P BSE Sensex down 0.05%.
Sector Trends: While six of the thirteen major sectors experienced losses, small and mid-cap stocks showed slight gains, and notable increases were seen in Colgate Palmolive India and Pfizer Ltd after reporting higher quarterly profits.
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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.
