Produced by: Prashun Talukdar Designed by: Manoj Kumar
"The IT sector is benefiting. However, valuation continues to be on the higher side compared to long-term history, suggesting a cautious approach in the sector in the medium term," said Vinod Nair, Head of Research at Geojit Financial Services.
On the stock-specific front, ONGC, Senco Gold, Coal India, Gillette, Gujarat Pipavav, Karnataka Bank and some other counters will be in focus today.
Shares of Karnataka Bank rose 0.76% to close at Rs 219.90 in the previous trading session. The lender said it has entered into a strategic corporate tie-up with HDFC Life to offer life insurance products to its customers.
Shares of Coal India climbed 0.83% to settle at Rs 348.10. The stock will trade ex-dividend today. And, the decided dividend amount is Rs 15.25.
Gillette India shares moved 0.77% up to settle at Rs 6,384.90. The company has announced a final dividend of Rs 50.
Shares of Tide Water Oil (India) rose 0.32% to close at Rs 1,280.40. The stock will trade ex-dividend too. And, the decided interim dividend amount is Rs 20.
Shares of Oil and Natural Gas Corporation Ltd (ONGC) climbed 0.82% to close at Rs 197.85. The company has declared an interim dividend of Rs 5.75.
Shares of Senco Gold gained 3.66% to settle at Rs 700.90. The counter will also trade ex-dividend today. And, the interim dividend amount is Re 1.
Shares of EID Parry (India) edged 0.16% higher to close at Rs 494.40. The counter will turn ex-dividend too. EID Parry has announced an interim dividend of Rs 4.
Shares of Sun TV Network rose 0.81% to close at Rs 680. Sun TV has declared an interim dividend of Rs 5.
Shares of Gujarat Pipavav Port fell 0.25% to settle at Rs 137.90. The scrip will also trade ex-dividend today. The company has announced an interim dividend of Rs 3.60.
Shares of Talbros Engineering slipped 1.31% to close at Rs 767.60. The stock will go ex-dividend today as well. The interim dividend amount is Rs 1.50. Separately, stocks like EPL, National Peroxide and RMC Switchgears will also be trading ex-dividend today.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.