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Gujarat Themis Biosyn has fixed 09 August 2024 as record date for issuance of bonus shares.

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PowerGrid Unchahar Transmission has fixed 01 August 2024 as record date for payment of distribution. The payment of distribution will be made on or before 10 August 2024.

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Astral has fixed 16 August 2024 as record date for final dividend of Rs 2.25 per share for FY 2023-24.

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Thangamayil Jewellery announced that final dividend of Rs 6 per share will be paid on or before 20 August 2024.

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VST Industries has fixed 30 August 2024 as record date to determine the eligibility of members to receive bonus shares.

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National Stock Exchange of India (NSE) today unveiled its new thematic index, Nifty Rural, aimed at tracking the performance of companies deriving significant revenue from rural India. The index comprises stocks from key sectors such as consumer goods, automobiles, power, telecommunications, and financial services that are instrumental in driving rural growth and development.

With a substantial 64% of India`s population residing in rural areas, the Nifty Rural index offers investors a unique opportunity to gauge the economic dynamics of this vital segment. By focusing on sectors that directly impact rural livelihoods and infrastructure, the index provides valuable insights into consumption patterns and investment prospects.

The index methodology involves selecting the top 75 stocks based on their free-float market capitalization from eligible basic industries. The base date for the index is 1 April 2005, and the base value is 1000. The index is reconstituted semi-annually and rebalanced quarterly.

The Nifty Rural Index is weighted heavily towards financial services (24.57%), fast moving consumer goods (20.49%), and automobile & auto components (18.07%).

The index has delivered strong double-digit returns across all timeframes. The best performance was in the past year, with a total return of 35.43%. The long-term performance is also positive, with a total return of 16.58% CAGR since inception (1 April 2005).

ITC is the top constituent of the index, with a weight of 7.80%. It is followed by Bharti Airtel (7.68%), State Bank of India (6.48%), Mahindra & Mahindra (5.53%), and Hindustan Unilever (4.39%). These five companies together account for nearly 32% of the index`s weight.

NSE expects the Nifty Rural index to serve as a benchmark for asset managers and underpin the development of passive investment products like exchange-traded funds (ETFs) and index funds.

This new index is anticipated to play a crucial role in channeling investments towards rural India, thereby contributing to its overall economic progress.

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L T Foods has fixed 06 August 2024 as record date for 2nd interim interim dividend.

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South West Pinnacle Exploration has received an order from Hindalco for providing services of exploration and activities related thereto of a Coal block situated in the state of Odisha. The aggregate value of order is Rs 5.36 crore including GST.

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A new study by the Securities and Exchange Board of India (SEBI) has revealed that the allure of quick profits in intraday trading is often a mirage. A staggering seven out of ten individual traders in the equity cash segment suffered losses in the financial year ending March 2023. This means that 70% of day traders are actually losing money, despite the allure of potential quick gains.

The study, which analyzed trading patterns over the past five years, paints a grim picture of the intraday trading landscape. While the number of individuals participating in this high-risk, high-reward strategy soared by over 300% since 2019, the odds of success remain stacked against them.

Perhaps most concerning is the influx of young traders. The share of intraday traders under 30 years old has skyrocketed from 18% in 2018-19 to a whopping 48% in 2022-23. Alarmingly, this age group also has the highest percentage of loss-makers at 76%. The lure of easy money seems to have drawn a younger generation into the market, but the reality is far from rosy.

The study delves deeper, revealing that those who trade more frequently are even more likely to lose money. For traders making over 500 trades a year, the proportion of loss-makers jumps to 80%. It seems that in this case, practice doesn`t make perfect - it makes poorer.

Adding insult to injury, loss-makers aren`t just losing their initial investments. They`re also spending an additional 57% of their trading losses on trading costs. Even those lucky enough to make a profit are seeing 19% of their gains eaten up by fees.

SEBI`s findings serve as a stark warning. Intraday trading is not a guaranteed path to wealth. The high costs associated with trading, coupled with the overwhelming probability of losses, make it a risky proposition for most.

SEBI`s research is based on a substantial sample, covering around 86% of individual clients in the equity cash segment during the 2022-23 fiscal year. The regulatory body hopes this eye-opening study will serve as a wake-up call, raising awareness about the risks involved in intraday trading.

As India`s stock market continues to attract new investors, this report serves as a stark reminder: when it comes to day trading, the odds may be stacked against the individual investor. Will this revelation lead to changes in trading behavior, or will the allure of potential profits continue to draw in new traders? Only time will tell.

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Welspun Living has fixed 05 August 2024 as record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.

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KPIT Technologies has fixed 09 August 2024 as record date for final dividend of Rs 4.60 per share for FY 2024, if approved.

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The National Stock Exchange of India (NSE), the country`s leading stock exchange, celebrated a significant milestone on Tuesday with the 500th listing of a small and medium enterprise (SME) on its NSE Emerge platform. Prizor Viztech received the honor of becoming the 500th company listed on 22 July 2024.

NSE`s chief business development officer, Sriram Krishnan, highlighted the achievement, noting the accelerated pace of listings. He stated that reaching 100 listings took over 5 years, but the last 100 companies were listed in just 6 months. This signifies the growing confidence in India`s MSME growth story.

Since 2019, the market capitalization of the SME Board has seen a phenomenal rise, increasing from Rs 12,500 crore to nearly Rs 1,75,000 crore as of Tuesday. Krishnan also pointed out a positive trend - SME issuers are increasingly looking to public markets for fundraising. The average size of an initial public offering (IPO) on the platform has nearly tripled, jumping from Rs 13.44 crore in FY 2019-20 to Rs 37.57 crore in the current fiscal year (YTD).

NSE Emerge has played a key role in unlocking value for SMEs, bringing high-quality companies to the forefront and providing them with a credible avenue to raise capital. This, in turn, fuels business growth, job creation, and overall capital formation in the country.

Currently, over 500 companies from diverse sectors are listed on NSE Emerge, collectively raising more than Rs 11,780 crore. Their combined market capitalization stands at an impressive Rs. 1,75,000 crore.

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TajGVK Hotels & Resorts has fixed 10 August 2024 as record date for declaration of dividend for FY 2024.

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Monarch Networth Capital has fixed 02 August 2024 as record date for final dividend for FY 2024.

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Insecticides India has revised the record date for interim dividend to 23 August 2024 instead of 15 August 2024.

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Rites has fixed 07 August 2024 as record date for first interim dividend for the F.Y 2024-25, if declared by the Board.

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Bata India has fixed 16 August 2024 as record date for interim dividend, if any.

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Morganite Crucible (India) has fixed 06 August 2024 as record date for d determining the Members eligible for dividend on equity shares.

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360 ONE WAM has fixed 07 August 2024 as record date for second interim dividend for FY 2024-25, if any.

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Sealmatic India has fixed 08 August 2024 as record date for final dividend of Rs 1.1 per share for FY 2023-24.

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BIGBLOC Construction has fixed 02 August 2024 as record date for ascertaining dividend entitlement of the shareholders for the final dividend.

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Insecticides India has fixed 17 August 2024 as record date for interim dividend for FY 2025, if any.

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NSE Indices, a subsidiary of the National Stock Exchange of India (NSE), launched a new index to track the performance of recently listed companies. The Nifty IPO Index will specifically monitor the last 100 Initial Public Offerings (IPOs) on the NSE`s main board.

The weight of each company in the index will be based on its free-float market capitalization, with a cap of 10% to prevent any single stock from dominating the index. The index will be reviewed and rebalanced on a quarterly basis to reflect changes in the market.

This new index is expected to serve as a valuable tool for investors and financial institutions. Asset managers can use it as a benchmark to compare the performance of their IPO-focused investments. Additionally, the Nifty IPO Index could serve as a reference point for passive investment products like Exchange Traded Funds (ETFs), index funds, and structured products.

The Nifty IPO Index has a base date of 2 January 2017, with a starting value of 1000. Since its inception, the index has delivered a Compound Annual Growth Rate (CAGR) of 11.29%. It has shown decent performance in recent years, with a CAGR of 14.27% over the past five years and an impressive 41.36% in the last year.

The top three companies within the Nifty IPO Index by weightage are Mankind Pharma (at 9.05%), Indian Renewable Energy Development Agency (at 5.90%), and Global Health (at 5.02%).

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Kalyan Jewellers India has fixed 10 August 2024 as record date for final dividend, if declared at AGM to be held on 17 August 2024.

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Symphony has fixed 14 August 2024 as record date for payment of first interim dividend for FY 2025.

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Netweb Technologies India has fixed 09 August 2024 as record date for final dividend of Rs 2 per equity share. The dividend will be paid on or before 14 September 2024.

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Bharat Petroleum Corporation has fixed 09 August 2024 as record date for the purpose of determining the eligibility of the members who would be entitled for the final dividend of Rs 10.5/- per equity share for the financial year 2023-24.

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