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Nidhi Granites fixes record date for bonus issue

Published on Apr 19, 2024 16:22

Nidhi Granites has fixed 2 May 2024 as record date for bonus issue in ratio of 1:1.

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Canara Bank fixes record date for stock split

Published on Apr 19, 2024 12:43

Canara Bank has fixed 15 May 2024 as record date for stock split of equity shares of face value of Rs 10 into 5 equity shares of face value of Rs 2 each.

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ICICI Securities fixes record date for interim dividend

Published on Apr 18, 2024 18:55

ICICI Securities has fixed 26 April 2024 as record date for interim dividend of Rs 17 per share. The dividend will be paid on or before 18 May 2024.

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Infosys fixes record date for final and special dividend

Published on Apr 18, 2024 17:11

Infosys has fixed 31 May 2024 as record date for final dividend of Rs 20 per equity share for FY 2024 and additionally a special dividend of Rs 8 per equity share. The dividend will be paid on 01 July 2024.

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Bajaj Auto fixes record date for dividend

Published on Apr 18, 2024 17:07

Bajaj Auto has fixed 14 June 2024 as record date for payment of dividend of Rs 80 per share for FY 2024. The dividend will be dispatched on or around 19 July 2024.

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NSE to launch derivatives on Nifty Next 50 Index from April 24th

Published on Apr 18, 2024 16:55

The National Stock Exchange of India (NSE) announced today the launch of derivatives contracts based on the Nifty Next 50 index (NIFTYNXT50). These contracts will be available for trading starting from 24 April 2024, with approval from the Securities and Exchange Board of India (SEBI).

The new offering will include futures and options contracts, settling in cash on the last Friday of their expiry month. The Nifty Next 50 index tracks the performance of the next 50 largest companies in the Nifty 100 after excluding those in the Nifty 50. This provides investors with exposure to a segment representing around 18% of the total market capitalisation of NSE-listed stocks. As of March 2024, the index has a strong showing from the financial services sector (23.76% weight), followed by capital goods (11.91%) and consumer services (11.57%).

"The introduction of derivatives on the Nifty Next 50 index complements our existing product suite," said Sriram Krishnan, chief business development officer at NSE. "This index bridges the gap between the Nifty 50, which comprises the top large-cap stocks, and the Nifty Midcap Select index, focusing on leading mid-sized companies."

This launch is part of NSE`s continued efforts to provide a wider range of investment products to market participants. The Nifty Next 50 derivatives are expected to attract interest from traders seeking exposure to the growth potential of these companies.

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NSE to discontinue ZEEL F&O contracts after June 2024

Published on Apr 17, 2024 10:44

The National Stock Exchange of India (NSE) announced that it will stop issuing new futures and options (F&O) contracts for Zee Entertainment Enterprises Limited (ZEEL) after the expiry of existing contracts in June 2024. This decision aligns with SEBI circular guidelines and NSE exchange regulations concerning stock eligibility for the F&O segment.

Existing ZEEL F&O contracts expiring in April, May, and June 2024 will remain available for trading until their respective expiry dates. The exchange will also continue to introduce new strike prices within these existing contract months. Consequently, trading in ZEEL derivatives will cease entirely after 28 June 2024.