SGX Nifty indicates 200 points decline for Nifty
May 11, 2021
Four day rally may take a pause on weak global cues
Indian markets are expected to open bearish on Thursday, amidst concern over Covid impact and weak global cues. The SGX Nifty, which currently rules at 14,783 (8 am IST) on the Singapore Stock Exchange, indicates at least 200 points gap-down opening for Nifty futures, which on Monday closed at 14,984.65
The US markets, after opening on a firm note on Monday failed to sustain the gains and closed in the red. The Dow Jones Industrial Average slipped marginally, while S&P 500 and Nasdaq crashed over 1 per cent and 2 per cent respectively. Tracking the US markets, the Japan’s Nikkei is down 2.5 per cent in early trade on Tuesday. Other markets such as Korea, Australia, Taiwan and China are down between 0.8 per cent and 1.5 per cent.
FMCG players monitoring Covid impact on rural demand
May 10, 2021
Cos hopeful of good monsoon amidst subdued consumer sentiment
With the second wave of the pandemic spreading ferociously beyond bigger cities, the domestic FMCG industry is closely monitoring the impact on demand trends in rural regions and smaller cities.
Industry observers said that a broader spread is expected to have some impact on demand trends for non-food categories and those driven by discretionary spends and out-of-home channels in rural regions.
In addition, with States imposing lockdown-restrictions, essential stores are also now operating for limited number of hours in several regions during the second pandemic wave. As rural regions were largely untouched in the first wave, rural demand outpaced urban demand and rural FMCG sales had been growing in double digits.
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Amid the COVID-19 crisis, the global market for Hand Wash estimated at US$6.9 Million in the year 2020, is projected to reach a revised size of US$10.2 Million by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.
Hypermarkets, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$4.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Retailers segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
Benchmarks traded with modest losses in mid-afternoon trade as rising COVID-19 cases dented investors sentiment. The Nifty hovered above the 14,600 mark. FMCG stocks were under pressure.
At 14:30 IST, the barometer index, the S&P BSE Sensex, fell 84.72 points or 0.14% at 48,650.44. The Nifty 50 index declined 22.1 points or 0.15% at 14,612.10.
In the broader market, the S&P BSE Mid-Cap index added 0.31% while the S&P BSE Small-Cap index rose 0.33%.
The market breadth was strong. On the BSE, 1,555 shares rose and 1345 shares fell. A total of 174 shares were unchanged.
Coronavirus Update:
Total COVID-19 confirmed cases worldwide stood at 15,35,53,270 with 32,13,573 deaths. India reported 34,47,133 active cases of COVID-19 infection and 2,22,408 deaths while 1,66,13,292 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.