Domestic equity market tanked on Friday on the back of profit booking post muted Q1 earnings by Infosys and HUL. Sensex fell 887.64 points to end the session at 66,684.26 and Nifty plunged 234 points to settle at 19,745
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said," The weak guidance from Infosys cast a shadow over the outlook of the Indian IT sector, causing a delay in Nifty's pursuit of the 20,000 mark. While the heavyweights surrendered to the bears, the small caps demonstrated resilience. Global markets presented a mixed picture, with the US market struggling due to weak earnings, while UK retail sales exceeded expectations with a 0.7% MoM growth."
Shares of Adani Ports and Special Economic Zone will turn ex-dividend on July 28, 2023. The firm declared a final dividend of Rs 5 per share during the Q4 and annual earnings announcement
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Shares of Strides Pharma will be in focus next week after the company said record date for the purpose of said dividend of Rs 1.5 per equity share for FY23 is Friday, August 4, 2023. Dividend once approved by shareholders in the ensuing AGM, shall be paid within 30 days from the date of such approval
Shares of Akzo Nobel India will turn ex-dividend on July 27, 2023. The firm declared a final dividend of Rs 40 per share during the Q4 and annual earnings announcement
Shares of KEC International will turn ex-dividend on July 25, 2023. The firm declared a final dividend of Rs 3 per share during the Q4 and annual earnings announcement
The PSU has inked MoUs worth Rs 2.37 lakh crore with 19 companies in the clean energy space
Shares of Carborundum Universal will turn ex-dividend on July 25, 2023. The firm has declared a final dividend of Rs 2 per share
The firm said operations at its Kullu factory have partially resumed since July 21, 2023. Earlier, the company had informed about disruption of operations at company’s factory at Kullu, Himachal Pradesh due to natural calamity i.e. heavy rainfall in Himachal Pradesh
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