Bernstein's MD, Venugopal Garre, maintains a positive outlook on the Indian market with a Nifty target of 26,500, citing improvements in macro conditions and potential rate cuts. Despite global uncertainties and trade tensions, Garre anticipates better capital expenditure and consumption, though not enough for extraordinary returns. Portfolio strategy emphasizes domestic recovery candidates with some defensiveness, overweighting financials, telecom, and utilities.
Pankaj Pandey suggests a potential US tariff leeway for certain auto segments, benefiting companies like Tata Motors. While cautioning against a broad-based approach to exporters due to potential US slowdown, Pandey favors domestic-driven sectors like banking and cement. He highlights positive developments in the BFSI sector and strong performance from Dalmia Bharat, indicating a recovery for the cement industry.
In the past 12 months, Nestle India has declared a total equity dividend of Rs 25.50 per share. At the current share price of Rs 2,456.90, this results in a dividend yield of 1.04%, according to data from Trendlyne.
The Pakistan Stock Exchange (PSX) dropped sharply after India imposed tough diplomatic measures in response to the Pahalgam terror attack. The KSE-100 index fell 2.12%, reflecting investor concern. Meanwhile, Indian markets showed resilience, despite geopolitical tensions and IMF's downgraded growth forecast for Pakistan.
Trump's trade war and annexation threats have unexpectedly boosted the Liberal Party's chances in Canada's upcoming election. The new Liberal leader, Mark Carney, is now positioned to potentially secure a fourth term, capitalizing on a surge of Canadian nationalism fueled by Trump's actions. Opposition leader Pierre Poilievre's "Canada First" approach, mirroring Trump's style, may backfire.
What the market has lacked for quite a while since April 2nd is any form of certainty. And while I do not think we have any certainty from these discussions, there is at least a positive movement towards trying to rectify some of these trade issues.
Chinese internet users are mocking the Trump administration. They are using AI to create satirical content. This includes videos and music. These poke fun at figures like Trump, Vance, Rubio, and Musk. The trolling reflects changing views of America in China. Some see it as easier to criticize foreign leaders than their own.
