Dividend record dates alert: Shares of Excel Industries, Asian Energy Services, Bharat Rasayan, Gujarat Fluorochemicals, Bal Pharma, International Conveyors, etc are likely to attract heightened investors’ interest on Wednesday, September 16, ahead of their dividend record dates.
Nearly 30 companies have fixed Thursday, September 17, as the dividend record date to determine the eligibility of investors for the payout. Those who are interested in becoming eligible for the corporate action must purchase these stocks before the record date, i.e. September 17, because of the T+1 settlement cycle.
Last chance to buy stocks before dividend record date | Full list
Out of all the companies that have fixed September 16 as the dividend record date, Excel Industries is the company with the biggest dividend amount. The company has announced ₹13.75 dividend per equity share. Here is the full list of companies which have fixed September 17 as the dividend record date.
Indian stock market today
The Indian stock market saw a significantly volatile session on Tuesday, September 15. Nifty and Sensex opened on a positive note but saw massive selling pressure in the second half of the day. The market sell-off was driven by a combination of adverse macroeconomic factors, including crude oil prices sustaining above $105 per barrel, raising concerns over inflation and India’s import bill.
Nifty and Sensex are likely to see volatility during Wednesday’s trading session with benchmark indices likely to open on a positive note.
Nifty 50 “bias remains down below 23,600 levels being the Monday’s high and last week breakdown area. A follow through weakness will open downside towards 23,000 and 22,800 levels in the coming sessions,” added Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking
