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The Economic Times

How these paints, FMCG, and IT stocks can save your portfolio in a bear market

Quality stocks like Marico, Asian Paints, HUL, Berger Paints, ITC, Nestle India, Dabur, and Page Industries have underperformed the benchmark indices from 2020 to date. Even their PE multiples have fallen. But analysts believe these companies are attractive. Here’s why.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Tata Motors, Axis Bank, Maruti Suzuki, Nestle India and Bajaj Finserv were among the top losers on NSE.

The Economic Times

Positive Breakout: Nestle India among 3 stocks that crossed their 200 DMAs

3 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on September 10.

The Economic Times

Top 9 large cap picks with upside potential of 31% from Axis Securities

Axis Securities has identified nine large-cap stocks with significant upside potential despite recent market volatility. Key picks include ICICI Bank, Nestle India, and State Bank of India, among others. These stocks are projected to offer returns ranging from 10% to over 31%, making them attractive options for investors in the current market scenario.

The Economic Times

Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil

Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions. Currently, they import mainly from Indonesia and Malaysia but are now urged to increase local procurement. Trade analysts suggest that sourcing from India can help negotiate better prices, ensure quality, and reduce logistics expenses.

Business Line

Share Market Highlights 5 August 2024: Sensex, Nifty plummet over 3% amid US recession fears; Nikkei plunges over 12%

Sensex, Nifty updates on 5 August 2024: Top gainers on the NSE as at 3 pm Britannia (1.23%), Hindustan Unilever (0.94%), Nestle India (0.75%), Tata Consumer Products (0.36%), HDFC Life (0.35%). Top losers include Tata Motors (-7.15%), Adani Ports (-5.92%), ONGC (-5.86%), Hindalco (-5.11%), Tata Steel (-5.03%)This decline reflects broader losses across Asian markets, with the Nikkei plummeting nearly 13% and other markets such as Korea, Taiwan, and Australia seeing declines between 2.5% and 7%. Analysts expect increased market volatility in India due to factors like the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Recent weak US job data and low inflation have heightened expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts predict that Indian markets will consolidate as earnings align with high valuations. Key influences on market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have started August cautiously, selling ₹1,027 crore in equities following significant inflows in July. The Nikkei’s decline underscores the global context affecting Indian markets.