Benchmark indices closed lower on Friday (July 7). Sensex slipped 505 pts to 65,280 and Nifty lost 165 pts to 19,331 amid losses in global markets
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The domestic market succumbed to profit-booking as heat waves from weak global markets hit the shore. Global equities declined due to a spike in US bond yields, fuelled by expectations of a prolonged high-interest rate environment following a sharp increase in US private payroll data. Investors were eagerly awaiting the release of key US non-farm payroll and unemployment data Friday, which will provide further clues on the Fed's policy direction ahead of its July meeting."
Shares of Cyient DLM will list on the bourses on July 10. Last heard, shares of Cyient DLM were commanding a premium of Rs 130-135 per share in the grey market, about 50% higher from its issue price of Rs 265 apiece. The GMP for the Cyient DLM IPO is currently suggesting a listing price of around Rs 395
Suzlon Energy stock will be in focus next week as its board held a meeting on July 7 to consider raising of funds. On Friday, the Suzlon Energy stock closed 1.36% higher at Rs 17.89 on BSE. Market cap of the firm stood at Rs 22,194 crore
Shares of Remsons Industries will be in focus next week as the rating committee of ICRA, has assigned the credit rating for Rs 76.82 crore of the company's bank facilities as under: A. Long Term Rating of (ICRA) BBB- (pronounced ICRA Triple B Minus). Outlook on the long term rating is "Stable". B. Short Term Rating of (ICRA) A3 (pronounced ICRA A Three)
Shares of IIFL Finance will be tracked next week after the firm said it has been re-categorized as midcap from smallcap in terms of the market cap classification list released by the Association of Mutual Funds in India (AMFI) on July 6, 2023
Shares of Hindustan Zinc will be in focus next week as the company's board will meet on July 8 to approve an interim dividend for the financial year 2023-24. The record date for eligibility will be July 15 and the company is expected to trade ex-dividend on or a day before this date
Shares of RailTel will be in focus next week as the board of the firm will meet on July 9 to consider recommendation of the final dividend, if any, for the financial year 2022-23
Shares of LTIMindtree will turn ex-dividend on July 10, 2023. The firm announced a final dividend of Rs 40 per share during the Q4 and annual earnings announcement
Shares of JSW Steel will turn ex-dividend on July 11, 2023. The firm announced a final dividend of Rs 3.4 per share during the Q4 and annual earnings announcement
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