Asian share markets are lower today following falls on Wall Street as investors eyed inflation worries. The Nikkei is down 0.2% while the Shanghai Composite fell 0.3% before recovering.

Markets are unsettled with attention turning to the outlook for economic growth, interest rates, and energy prices.

In US stock markets, Wall Street's three major indices closed lower on Wednesday as investors bet that the latest economic data would do nothing to push the Federal Reserve off track from its aggressive interest rate hiking cycle.

The Dow Jones fell 0.5% while the Nasdaq dropped 0.7%.

Back home, Indian share markets are trading on a flat note.

Benchmark indices opened with marginal gains even as markets across the globe fell.

Market participants are tracking FII& DII activity closely. FIIs turned sellers of domestic stocks to the tune of Rs 19.3 bn while DIIs remained net buyers to the tune of Rs 9.8 bn.

The BSE Sensex is trading up by 64 points. Meanwhile, the NSE Nifty is trading higher by 9 points.

HUL and Bharti Airtel are among the top gainers today. Tata Steel, on the other hand, is among the top losers today.

The BSE Mid Cap index is down 0.4%. The BSE Small Cap index is trading higher by 0.2%.

Sectoral indices are trading mixed with stocks in the power sector and energy sector witnessing most of the buying.

FMCG stocks and healthcare stocks, on the other hand, are trading in red.

Shares of Blue Dart and Raymond hit their 52-week highs today.

M&M's share price is rising for the past couple of days on health earnings outlook.

Meanwhile, Dixon Technologies is not far behind as the company's shares continue their uptrend.

With stocks rising across the board, you must be excited to see that volatility has eased and things are going back to normal. Several Indian stocks have delivered multi-bagger returns in a span of one month.

But remember that not all are worthy. Many could be trading in uncharted territory and may be overvalued.

The rupee is trading at 77.58 against the US$.

Gold prices are trading at Rs 50,788 per 10 grams, while silver prices are trading down by 0.3% at Rs 61,424 per kg.

Crude oil prices fell by around US$3 a barrel as investors cashed in on a recent rally with key producers meeting later in the day set to pave the way for expected output increases.

In news from the automobile sector, Eicher Motors is among the top buzzing stocks today.

The market regulator has imposed a penalty of Rs 1 m on Eicher Motors for failing to exercise due diligence in a case pertaining to the issuance of duplicate shares or new certificates.

The company has been directed to pay the fine within 45 days.

The order comes after the regulator received a complaint from Adesh Kaur against Eicher, wherein it was mentioned that 903 shares of the company, which were held in her name from 1994 to 95, were fraudulently transferred to an account of an impersonator who had managed to forge her signature.

Recently, the company announced sales figures for Eicher Trucks and Buses & Volvo Trucks for the month of May 2022. Eicher sold 5,637 vehicles during May 2022, as against 1,223 in May 2021 registering a growth of 360.9% YoY.

The company sold 5,504 Eicher Trucks and Buses in May 2022, as compared to 1,175 in May 2021, a growth of 368.40% YoY.

It must be noted that the change percentage in the above figures is not comparable due to the impact of the second wave of Covid-19 last year.

But certainly, some recovery can be seen in the sales figures of many auto companies. With the auto sector gaining traction, auto ancillary stocks are bound to follow.

In news from the FMCG sector, Nestle India is looking to tap opportunities in new categories such as 'healthy aging', 'plant-based nutrition', and 'healthy snacking' to boost growth in the country.

Nestle's Chairman and Managing Director Suresh Narayanan said that the company's existing businesses, ranging from nutrition, breakfast cereals, and beverages to chocolate and confectionery, have headroom for penetration.

Narayanan said he is optimistic about the consumption scenario of the country, even though the current high inflation print is likely to last for a while.

He added that the current high inflationary trend is a cause for concern and almost 9-10 of its 13 raw materials have been witnessing 10-year highs in terms of prices.

The growth strategy of the company continues to be aggressive. Our categories have headroom for penetration.

There are new opportunities whether it is in healthy aging products, plant-based nutrition, healthy snacking, and the toddler segment (for nutrition). All of these will be happening in the next couple of years.

Speaking of Nestle, have a look at the chart below to see the company's stock performance over the years.

Nestle, being a market leader (96.5% market share) in the baby food segment, is a classic example of a good monopoly stock.

Nestle's shares have grown by over 600% since 2010.

Moving on to news from the privatization space, the government is in favor of inviting fresh bids for the divestment of state-owned Central Electronics (CEL) following discussions with the law ministry.

The government will, however, wait until July, when a case filed by CEL employees on the matter is scheduled to be heard.

As for the divestment of Pawan Hans, stuck over a matter involving a member of the winning consortium, the Centre is planning to hold discussions with other entities that had submitted bids.

The Department of Investment and Public Asset Management (DIPAM) is in favor of holding discussions with the winning consortium and other bidders this month.

We will keep you updated on the latest developments in this space. Stay tuned.