The  Sgx Nifty Future is trading at 11,293.00 up with +0.57% percent or +63.90 point. The Nikkei 225 Future is trading at 22,413.00 with a loss of -0.08% percent or -17.00 point.The Hang Seng Future is trading at 24,423.00 up with +0.31% percent or +76.00 point.


Tata Consumer Products Ltd’s shares have undergone a massive re-rating since the restructuring of the Tata group’s consumer businesses last year. This has continued and even accentuated after the company’s June quarter results.

The non-alcoholic beverages and food company delivered a strong set of results, with pre-tax earnings increasing by 42% year-on-year (y-o-y). But the stock’s 15% jump in three trading days is clearly taking things a bit far. Tata Consumer shares now trade at 47 times estimated FY22 earnings based on Bloomberg data. Valuations are now on a par with packaged foods company, Britannia Industries Ltd’s stock, which trades at 47.5 times FY22 estimated earnings. Britannia’s pre-tax earnings had increased by 81% for the June quarter, as a result of a spike in at-home food consumption as people stayed indoors


 For the day the  nifty closed at 11,267.40 up with 0.48% percent or +53.35 point.Nikkei 225 is trading at 22,329.94 with a loss of –0.39% percent or -88.21  point. Hong Kong’s Hang Seng is trading at 24,377.43 with a loss of –0.63% percent or -154.19 point.


For the day the Dow is trading at 27,433.48 up with +0.17% percent or +46.50 point. The S&P 500 is trading at 3,351.28 up with 0.063% percent or +2.12 point. The Nasdaq Composite is trading at 11,010.98  with a loss of -0.87% percent or -97.09 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,329.94 with a loss of –0.39% percent or –88.21 point. Hong Kong’s Hang Seng is trading at 24,377.43 with a loss of –0.63% percent or –154.19 point. China’s Shanghai  Composite is trading at 3,379.25 up with 0.75% percent or +25.22 point. India’s BSE Sensex is trading at 38,159.93 up with +0.31% percent or +119.36  point at 12:15 PM.