4 Oorjita research notes discuss Nestle India.
The morning edition correctly anticipated a positive opening with GIFT Nifty signaling 25,447-25,464 levels. Markets delivered on this expectation, opening strong and sustaining momentum throughout the session to close at 25,585.30 {Official Close}, decisively breaching the crucial 25,500…
Foreign institutional investors turned net buyers after recent selling, purchasing ₹161.84 crore worth of shares, while DIIs remained aggressive with net buying of ₹4,492.26 crore on October 15.
Morning brief flagged a weak bias on Powell’s caution, watch USD/INR near FBIL 88.74, and sensitivity in IT; also highlighted global risk-off tone.
Our morning bulletin anticipated a range-bound session with a positive bias, driven by favorable GDP data and GST reform hopes. While the market did open higher, it failed to sustain momentum, succumbing to selling pressure in the final hours.
