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Nestle India Ltd is up for a fifth straight session today. The stock is quoting at Rs 16775, up 0.34% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 14806. The Sensex is at 49159.62, up 0.43%. Nestle India Ltd has slipped around 5.17% in last one month.
Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has slipped around 2.35% in last one month and is currently quoting at 34048.5, up 0.33% on the day. The volume in the stock stood at 22618 shares today, compared to the daily average of 91449 shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 16835.05, up 0.32% on the day. Nestle India Ltd is down 5.77% in last one year as compared to a 60.04% jump in NIFTY and a 27.66% jump in the Nifty FMCG index.
The PE of the stock is 74.69 based on TTM earnings ending March 21.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 30 points at the opening bell.
On the macro front, India's retail inflation as measured by the Consumer Price Index (CPI) slowed to 4.29 percent in the month of April from 5.52 percent in March, mainly due to easing food prices, government data showed on Wednesday.
While industrial output as measured by the Index of Industrial Production (IIP) grew 22.4 percent in the month of March 2021 as compared to 16.7 percent in the year-ago period.
Global markets:
Overseas, Asian stocks are trading higher on Friday, following overnight gains in US stocks.
Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.
Domestic markets:
Back home, equity indices ended with steep losses on Wednesday, sliding for the second trading session. The barometer index, the S&P BSE Sensex, dropped 471.01 points or 0.96% at 48,690.80. Indian stock markets were closed yesterday, 13 May 2021 on account of Id-Ul-Fitr (Ramzan Id).
Foreign portfolio investors (FPIs) sold shares worth Rs 1,260.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 704.36 crore in the Indian equity market on 12 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 29 points at the opening bell.
On the macro data front, investors are awaiting the industrial production and manufacturing production data for March, and inflation for April, scheduled to be released later in the day.
Overseas, Asian stocks are trading mostly lower on Wednesday, as investors remain cautious over growing inflation worries.
U.S. stocks dropped on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares.
Back home, domestic indices snapped four-day rising streak on Tuesday on account of negative global cues. The barometer index, the S&P BSE Sensex, declined 340.60 points or 0.69% to 49,161.81. The Nifty 50 index fell 91.60 points or 0.61% at 14,850.75.
Foreign portfolio investors (FPIs) sold shares worth Rs 336 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 676.67 crore in the Indian equity market on 11 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 192 points at the opening bell.
A WHO official reportedly said Monday it is reclassifying the highly contagious triple-mutant Covid variant spreading in India as a “variant of concern” at the global level.
Overseas, Asian stocks are trading lower on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight.
Technology shares led the broader market lower on Monday as investors dumped high-flying Big Tech stocks, pushing the Dow Jones Industrial Average and the S&P 500 off their record highs.
Back home, the market started the week on a firm note on the back of positive Asian cues. The S&P BSE Sensex, rose 295.94 points or 0.60% to 49,502.41. The Nifty 50 index rallied 119.20 points or 0.80% at 14,942.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 583.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 476.26 crore in the Indian equity market on 10 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could surge 147 points at the opening bell.
Overseas, Asian stocks are trading broadly higher on Monday following “a big miss” in the April U.S. jobs report.
US stocks notched a record close on Friday in what proved to be a volatile day in financial markets following a much weaker than expected jobs report.
The S&P 500 climbed 0.7% to 4,232.60, hitting a record high. The Dow Jones Industrial Average rose 229.23 points, or 0.7%, to 34,777.76 to reach another closing high. The tech-heavy Nasdaq Composite rose 0.9% to 13,752.24.
U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report on Friday showed. US employers hired 266,000 new workers in April, according to the labour department's monthly non-farm payrolls report, far below the level that economists had expected. The unemployment rate rose to 6.1% last month amid an escalating shortage of available workers. Meanwhile, March's originally estimated total of 916,000 was revised down to 770,000.
Back home, domestic indices ended with decent gains on Friday amid positive global cues. The S&P BSE Sensex, rose 256.71 points or 0.52% to 49,206.27. The Nifty 50 index gained 98.35 points or 0.67% to 14,823.15.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,142.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,468.09 crore in the Indian equity market on 7 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 77 points at the opening bell.
Overseas, Asian stocks broadly advanced Friday ahead of the U.S. jobs report due later in the day that might provide some indication on what the Fed could do next. Investors will be looking ahead to the U.S. nonfarm payroll count for April due Friday.
China's services sector expanded at the sharpest pace in four months in April. The Caixin/Markit services Purchasing Managers' Index (PMI) rose to 56.3, the highest since December when the same reading was registered and up from 54.3 in March. The 50-mark separates growth from contraction on a monthly basis.
Japan's services sector activity contracted in April. The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to a seasonally adjusted 49.5 from the prior month's 48.3, the slowest pace of activity decline in the current 15-month run of contractionary PMIs.
The International Monetary Fund said on Thursday the recent jump in COVID-19 cases in India posed downside risks to the Fund's April forecast for 12.5% growth in India's economic output in fiscal years 2021 and 2022. The IMF will revisit that forecast when it issues a fresh World Economic Outlook in July, as per reports.
In US, the Dow Jones Industrial Average closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.
The Bank of England said on Thursday it would slow the pace of its bond-buying as it sharply increased its forecast for Britain's economic growth this year after its coronavirus slump. The BoE kept its benchmark interest rate at an all-time low of 0.1% and the size of its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion).
Back home, equity indices ended with decent gains on Thursday, tracking positive global shares. US President Joe Biden's decision to waive intellectual property rights on vaccines boosted global stock markets. The S&P BSE Sensex, added 272.21 points or 0.56% to 48,949.76. The Nifty 50 index gained 106.95 points or 0.73% to 14,724.80.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,222.58 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 632.51 crore in the Indian equity market on 6 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 47 points at the opening bell.
Overseas, most Asian stocks are trading higher as investors look ahead to the U.S. jobs report due later this week for clues about how long the Fed will stay on hold. The U.S. jobs report — one of the most influential economic reports in global financial markets — for April is due on Friday.
U.S. stocks rebounded on Wednesday as strong earnings results and economic optimism pushed the Dow Jones Industrial Average to a record high.
The Biden administration announced Wednesday that it supports waiving intellectual patent protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses.
Back home, benchmark indices ended with strong gains on Wednesday after the Reserve Bank of India (RBI) announced measures to tackle the rising second wave of COVID-19 pandemic. The S&P BSE Sensex, rallied 424.04 points or 0.88% to 48,677.55. The Nifty 50 index gained 121.35 points or 0.84% to 14,617.85.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,110.50 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 240.61 crore in the Indian equity market on 5 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52 points at the opening bell.
Investors will await the address by RBI Governor Shaktikanta Das scheduled for 10:00 IST today.
Overseas, Asian shares are trading lower on Wednesday as sentiment took a knock from a selloff in large cap Wall Street tech stocks, even as some of the other major Asia-Pacific markets are closed for the day. Markets in China and Japan remain closed for public holidays. South Korean markets are also shut.
In US, the Nasdaq fell more than 2% on Tuesday as steep declines in megacap growth stocks pushed Wall Street below record trading levels, with investors seeking shelter in more defensive parts of the market.
U.S. Treasury Secretary Janet Yellen said Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. The former Fed chair later tempered her comments somewhat on the need for higher rates, saying she respects the Federal Reserve's independence and was not trying to influence decision-making there.
Back home, the domestic equity indices ended with steep losses on Tuesday as mixed global cues and rising COVID-19 cases weighed on investors sentiment. The barometer index, the S&P BSE Sensex, fell 465.01 points or 0.95% at 48,253.51. The Nifty 50 index declined 137.65 points or 0.94% at 14,496.50.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,772.37 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 987.34 crore in the Indian equity market on 4 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13 points at the opening bell.
Overseas, Asian stocks are trading mixed on Tuesday with major markets in Japan and China still closed for holidays.
In US, the S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued.
New York Governor Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.
The U.S. economy is doing better but is “not out of the woods yet,” Federal Reserve Chair Jerome Powell reportedly said on Monday in remarks that flagged an upcoming central bank study documenting the disproportionate blow suffered by the less educated and working parents during the coronavirus downturn.
U.S. manufacturing activity grew at a slower pace in April. The ISM's index of national factory activity fell to a reading of 60.7 last month after surging to 64.7 in March, which was the highest level since December 1983.
Back home, the 30-share Sensex staged a strong recovery in late trade and ended with small losses after a volatile session on Monday. The Nifty ended almost flat near the 14,650 level after opening below the 14,500 mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities capped gains. The barometer index, the S&P BSE Sensex, fell 63.84 points or 0.13% to 48,718.52. The Nifty 50 index rose 3.05 points or 0.02% to 14,634.15.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,289.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 552.92 crore in the Indian equity market on 3 May, provisional data showed.
Market will react to election results of the five states which were declared on May 2 and the record high GST revenue for April released on May 1.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 188 points at the opening bell.
On the coronavirus front, investors continue monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections. Authorities reported 392,488 new cases in the previous 24 hours to push total cases to 19.56 million. So far, the virus has killed 215,542 people.
On the political front, election results 2021 for West Bengal, Assam, Tamil Nadu, Kerala and Puducherry assemblies were declared on Sunday (May 2). The TMC managed a landslide victory in West Bengal, the same as DMK in Tamil Nadu and Left-led LDF in Kerala. The BJP managed to retain power in Assam and cruised to victory in Puducherry.
On the macro front, the gross Goods and Services Tax (GST) revenue collection for April, 2021 hit yet another peak of Rs 1,41,384 crore, of which CGST was Rs 27,837 crore, SGST Rs 35,621,and IGST Rs 68,481 crore. Collections in April 2021 have surpassed even those of March.
Overseas, Asian stocks are trading mixed on Monday, with thinner trading volumes expected as major markets in China and Japan are closed for holidays.
Wall Street ended lower on Friday, with Amazon, Apple, Alphabet, and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports, said a Reuters report.
Back home, equity indices snapped four day rising streak and ended with deep losses on Friday. Mixed global cues, soaring new Covid-19 cases in the country and uncertainties surrounding vaccination weighed on the sentiment. The barometer index, the S&P BSE Sensex, slumped 983.58 points or 1.98% at 48,782.36. The Nifty 50 index slipped 263.80 points or 1.77% at 14,631.10.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,465.07 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,419.31 crore in the Indian equity market on 30 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 159 points at the opening bell.
On the political front, exit polls on Thursday forecast a tight contest between the incumbent Trinamool Congress and the BJP in the high-profile West Bengal assembly polls, while the ruling Left combine was projected to retain power in Kerala and so was the case for BJP in Assam. However, exit polls projected DMK-led opposition alliance as a winner in Tamil Nadu, while the Congress-led alliance was seen losing the neighbouring Puducherry.
Overseas, Asian stocks are trading lower on Friday as investors weighed the latest corporate earnings and solid economic growth data.
Data showed China's factory activity expanded at a slower-than-expected pace in April as the official manufacturing Purchasing Manager's Index fell to 51.1, from 51.9 in March. A reading above 50 indicates expansion.
In US, the S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.
Apple said that sales jumped 54% during the quarter, with each product category seeing double-digit growth. The company also said it would increase its dividend by 7%, and authorized $90 billion in share buybacks. Facebook's revenue jumped 48%, driven by higher-priced ads.
Economic data released Thursday gave investors an update on the progress of the economic recovery. First-quarter GDP hit an annualized rate of 6.4%.
Back home, the domestic equity indices advanced for the fourth trading session on Thursday. Global stock markets were positive after the US Federal Reserve pledged to maintain easy monetary policy to aid economic recovery. The barometer index, the S&P BSE Sensex, rose 32.10 points or 0.06% at 49,765.94. The Nifty 50 index added 30.35 points or 0.20% at 14,894.90.
Foreign portfolio investors (FPIs) bought shares worth Rs 809.37 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 942.35 crore in the Indian equity market on 29 April, provisional data showed.
Trading could be volatile today as traders roll over positions in the F&O segment from the near month April series to May series. The April 2021 F&O contracts will expire today, 29 April 2021.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 138 points at the opening bell.
On the political front, with West Bengal slated to hold its eight and final phase of polling today, all eyes will be glued to the exit polls for four states and one Union Territory. Exit polls for West Bengal, Assam, Tamil Nadu, Kerala and Puducherry can be published today — an hour after polls close. Votes will be counted on 2 May.
Overseas, Asian stocks are mostly trading higher on Thursday, as investors react to the U.S. Federal Reserve's decision to keep its easy money policy in place. Markets in Japan are closed on Thursday for a holiday.
Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.
The Fed left its benchmark short-term rate near zero, where it's been since the pandemic erupted nearly a year ago, to help keep loan rates down to encourage borrowing and spending. It also said in a statement after its latest policy meeting that it would keep buying $120 billion in bonds each month to try to keep longer-term borrowing rates low.
In a statement Wednesday, the Fed said the economy and job market have strengthened, and while inflation has risen, Fed policymakers ascribed the increase to temporary factors.
Back home, domestic equity market extended gains for the third consecutive session, boosted by strong Q4 results and vaccine optimism. The S&P BSE Sensex, jumped 789.70 points or 1.61% at 49,733.84. The Nifty 50 index gained 211.50 points or 1.44% at 14,864.55.
Foreign portfolio investors (FPIs) bought shares worth Rs 766.02 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 436.20 crore in the Indian equity market on 28 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday ahead of the US Federal Reserve's policy decision.
Japan's retail sales rose 5.2% in March as compared with a year ago, according to government data.
In US, the S&P 500 closed little changed near its record level on Tuesday as investors braced for a big batch of tech earnings.
The Federal Reserve kicked off its two-day policy meeting Tuesday. The central bank is reportedly likely to hold and keep its asset-buying program in place at the same levels for the rest of 2021, despite growing concerns about an overheating economy.
Consumer confidence climbed sharply to hit a pandemic high with The Conference Board's index jumping to 121.7, the highest since February 2020.
Back home, domestic equity indices rallied for the second session on Tuesday. The barometer index, the S&P BSE Sensex, jumped 557.63 points or 1.15% at 48,944.14. The Nifty 50 index added 168.05 points or 1.16% at 14,653.05.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,454.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,463.44 crore in the Indian equity market on 27 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell.
Investors will continue to monitor India's Covid situation as the country continues to battle a second wave that is pushing its health-care system to the brink.
Overseas, Asian stocks are trading lower on Tuesday as investors await the Bank of Japan's interest rate decision. That comes as multiple regions, including Tokyo and Osaka, were recently placed under a new state of emergency to curb the spread of coronavirus infections.
In US, the S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week.
Going ahead, the Federal Reserve, which meets on Tuesday and Wednesday, is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.
Back home, the benchmark indices ended with strong gains on Monday, tracking positive global cues. The S&P BSE Sensex, soared 508.06 points or 1.06% at 48,386.51. The Nifty 50 index gained 143.65 points or 1% at 14,485.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,111.89 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,022.57 crore in the Indian equity market on 26 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could advance 117 points at the opening bell.
Investors continue to watch the Covid situation in India. The Covid situation in India remains severe as the country continues to battle a startling rise in new coronavirus infections. On Sunday, nearly 350,000 new daily infections were registered.
The Biden administration has said it will immediately make raw materials needed for India's coronavirus vaccine production available. The U.S. response comes after Britain, France and Germany also pledged aid to India over the weekend.
Overseas, Asian stocks are trading mixed on Monday as signs the world economic recovery was well on track bolstered risk appetite.
U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax. Stocks were supported by data indicating an acceleration in economic activity and even faster growth in new home sales, as investors largely brushed off Thursday's reports that President Joe Biden would propose a large increase on the capital-gains tax for the wealthiest Americans.
In U.S. economic data, the IHS Markit purchasing managers index for the manufacturing sector rose to a record 60.5 in April from 59.1 a month earlier, while the services sector PMI jumped to 63.1 from 60.4. A reading of more than 50 indicates an expansion in activity.
New home sales rose to a seasonally-adjusted annual rate of 1.021 million in March, the U.S. Census Bureau reported — the fastest pace since 2006. Month-over-month, sales rose 20.7%. Also, the Census Bureau revised the sales figure for February up to a rate of 846,000, from the originally reported rate of 775,000.
Back home, the benchmark indices ended a volatile session with modest losses on Friday. Selling was triggered by concerns that the spike in COVID-19 cases in the country could derail the economic recovery. The S&P BSE Sensex, declined 202.22 points or 0.42% at 47,878.45. The Nifty 50 index declined 64.80 points or 0.45% at 14,341.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,360.76 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,695.59 crore in the Indian equity market on 23 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 71 points at the opening bell.
Overseas, Asian stocks are trading mixed on Friday following an overnight drop on Wall Street.
U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich. Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans. The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, as per reports.
On the economic front, the number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said on Thursday that applications declined 39,000 from a revised 586,000 a week earlier.
Back home, the domestic equity benchmarks ended near the day's high on Thursday, led by strength in banks and financial shares. The barometer index, the S&P BSE Sensex, rose 374.87 points or 0.79% to 48,080.67. The Nifty 50 index added 109.75 points or 0.77% to 14,406.15.
Foreign portfolio investors (FPIs) sold shares worth Rs 909.56 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 849.98 crore in the Indian equity market on 22 April, provisional data showed.