Markets are expected to consolidate after a record rally, with cues from global trends, foreign investor activity, and first-quarter earnings from IT majors TCS and HCL Technologies. The earnings season begins this week, with focus on growth-oriented policies, monsoon season, and US Federal Reserve Chair Jerome Powell's testimony. The US core CPI inflation, UK GDP data, and India's CPI.
Open Flip8 of the top-10 most valued Indian firms saw a combined market valuation increase of ₹1,83,290.36 crore last week, driven by a rally in equities. TCS and Infosys were the biggest gainers, with their valuations rising by ₹38,894.44 crore and ₹33,320.03 crore, respectively. RIL, ICICI Bank, and LIC also saw significant increases in valuation, while HDFC Bank and Bharti Airtel experienced declines.
Open FlipPolycab, United Spirits, and Mahindra Logistics are among companies nearing their record dates for dividends, bonus issues, and stock splits. The record date is the date set by the company to decide eligible shareholders. Notable dividends include Computer Age Management Services (Rs 16.5 per share), Grindwell Norton (Rs 17 per share), and JSW Steel (Rs 7.3 per share).
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