One of the major triggers for the markets on the domestic front will be the ongoing earnings season. Larsen & Toubro, Cipla, Proctor And Gamble, Suzlon Energy, Aditya Birla Capital, Welspun Enterprises, Star Health, Adani Enterprises, Canara Bank and Allied Blenders are some of the major companies announcing their earnings in the coming week.
The other trigger could be the fluctuation of gold and silver prices as Dhanteras approaches. As of Friday, gold was priced at Rs 78,060 per 10 grams, according to the India Bullion and Jewellers Association Ltd. This minor decline follows a period in which both metals have remained close to their all-time highs, fueled by seasonal demand during a buying seasons considered auspicious by many.
Demand for these precious metals usually surges in the weeks leading up to the festival.
ICICI Lombard announced an interim dividend of Rs 5.5 per equity share, representing 55% of the Rs 10 face value, for the fiscal ending March 31, 2025. The record date for this interim dividend is set for Oct. 28, with payments to be made to shareholders on or before Saturday, Nov. 16.
Reliance Industries Ltd. set Oct. 28, 2024, as the record date for shareholders eligible to receive its much-anticipated 1:1 bonus shares.
Dr. Reddy’s Laboratories has announced a stock split, reducing the face value of its shares from Rs 5 to Rs 1 each.
