Share Market News July 23: IOB, Zensar, HCLTech, Shree Cement, Shriram Finance, other stocks to track on Budget day
Share Market News: Domestic equity benchmarks Nifty50 and Sensex extended losses to a second straight session on Monday, as investors awaited the much-anticipated presentation of the Narendra Modi 3.0 government's first Union Budget in Parliament the next day.
Share Market News July 23: At around 8:06 am, GIFT Nifty futures traded higher by 0.15 per cent or 35.9 points at 24,545, indicating a positive opening on the D-Street.
Domestic equity benchmarks Nifty50 and Sensex extended losses to a second straight session on Monday, as investors awaited the much-anticipated presentation of the Narendra Modi 3.0 government's first Union Budget in Parliament the next day. While selling pressure in IT, energy and FMCG stocks pulled the headline indices lower, some buying interest in auto, metal and pharma shares limited the downside. Both main gauges finished the day 0.1 per cent lower, with the Sensex shedding 102.6 points to 80,502.1 and the Nifty50 settling at 24,509.3, down 21.7 points from its previous close.
Here's a list of a few stocks set to be in focus during Tuesday's session:
Dividend Stocks | HCLTech, Novartis, Shree Cement, Shriram Finance, Data Patterns, Tube Investments shares to trade ex-dividend on Budget day
Around 20 stocks are scheduled to trade ex-dividend on Tuesday, the day the finance minister is scheduled to present Budget in Parliament, including HCLTech, Novartis India, Rainbow Children's Medicare, Shree Cement, Shriram Finance, Goodyear, Data Patterns, and Tube Investments.
Earnings season gathers steam
Around three dozen companies are slated to report their quarterly numbers on Tuesday, including Bajaj Finance, HUL, ICICI Pru, Torrent Pharma, M&M Financial, USL, and SRF.
RailTel in focus
RailTel Corporation has bagged a Rs 187-crore order from the Railway Ministry.
SpiceJet board meeting
SpiceJet's board is scheduled to meet on Tuesday to consider raising funds through a QIP issue.
Tata Consumer Products in the spotlight
The Tata group company's board is slated to meet on July 23 to consider a rights issue.
Coforge
Coforge: The company during Q1 posted in-line Q1 results with revenue inching higher by 1.8 per cent. The company has declared an interim dividend amounting to Rs 19 per share.