Investors have until today to purchase shares in 12 companies, including SBI and IEX, to qualify for upcoming dividends, bonus issues, and stock splits. These corporate actions will become effective tomorrow, with eligibility determined by the record date. Several companies are offering significant dividends, while others are proceeding with bonus share issuances and stock splits.
The government has banned all sugar exports, shifting policy from restricted to prohibited until September 30, citing tight domestic supply. The move is expected to impact sugar companies such as Balrampur Chini Mills and Dhampur Sugar Mills. India’s production is forecast to stay below consumption for a second consecutive year.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Oil prices edged higher as investors awaited talks between U.S. President Trump and Chinese President Xi Jinping, focusing on economic gains and geopolitical issues like the Iran war. Despite concerns over interest rate hikes, crude futures saw slight increases, with analysts warning of potential price surges if the Strait of Hormuz remains shut.
Indian markets experienced a volatile yet stable session after a sharp sell-off, with the Nifty showing resilience. Key companies like HAL, Tata Motors, and Bharti Airtel are in focus due to quarterly results and news developments. Zydus Lifesciences is nearing a US acquisition, while Maruti Suzuki commits to green logistics.
Investor interest in unlisted shares is decreasing. Trading volumes have fallen significantly. This slowdown is due to lower prices and fewer new share offerings. Some popular companies still see activity. However, demand has softened in sectors like defence and hospitality. A stronger stock market is expected to boost this segment again.
The Indian rupee hit a new all-time low for the third consecutive day, driven by soaring crude oil prices and increased dollar demand. Despite government efforts to curb gold imports, the rupee weakened significantly. Traders anticipate further volatility, with the Reserve Bank of India intervening to support the currency.
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
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