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Markets
It’s better to avoid taking long positions now
Honasa Consumer IPO subscribed 12% on 1st day
Counter-trend consolidation in the offing
Honasa Consumer sets price band at Rs 308-324/share
FIIs eyeing higher US bond market yield
Industry
Rural recovery for FMCG companies takes a pause
Global cues to weigh on mkts amid sluggish Q2 results
Nestle India net profit up 37%
Eco Buzz
Muted rural demand hits HUL’s bottom line
HUL Q2 net profit dips marginally to Rs 2,657 crore
Stock Market
Nestle shares climb nearly 4%; market cap jumps Rs 8,218 crore after Q2 results
Stay away from long positions
