Reliance Industries on Thursday announced the date of its annual general meeting and also declared the record date for the dividend of Rs 10 for financial year 2025.
The AGM date has been fixed as Aug. 29, according to an exchange filing. The record date for the purpose of determining the members eligible to receive the dividend has been set as Aug. 14. The company also added that it would pay the dividend in a week after AGM, if it receives the nod from the shareholders.
Global Stock Market Today
Benchmark Nifty index ended slightly lower on back of long unwinding during last half-an-hour of trade on monthly expiry day, settled at 24768.35 levels after a cut of 86.70 points from its previous closing values.
Broader markets underperformed the benchmark as Mid and Small cap index ended lower by almost 1 % each.
All of the sectoral indices barring, Nifty FMCG and Media indices settled on a negative note . Amongst them, Nifty Metal, Pharma and Healthcare index were at the bottom of the tally, shed over 1% each followed by Pharma, IT, PSU Bank and Realty index that were down in range 0.5% to 0.80%.
Going ahead, we upholding our sell on rise trading approach till we are trading below 25100 spot levels on closing basis. Supports are placed around 24700-24600 spot levels and resistances in range 24900-25000 spot levels.
Derivatives Overview & Outlook
Yesterday, all index futures moved downward on long unwinding as Nifty, Banknifty, Finnifty and Midcapnifty futures shed 19.2%, 25.2%, 21.7% and 14.1% of open interest respectively.
Nifty futures rolled 76% of open interest into next contracts which is lower than previous month rollovers of 80% while Banknifty futures rolled 78% of open interest into next contracts which was marginally higher than previous month rollovers of 76%.
On option front, Nifty will start the new weekly contract with maximum positions at 24000 PE and 26000 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 5589 Cr in the cash segment, sold index futures worth Rs 1236 Cr also sold stocks futures worth Rs 1530 Cr. DIIs were net buyers in the cash segment to the tune of Rs 6373 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24980-25050; Supports 24600-24500
Banknifty – Resistances 56500-56800; Supports 55800-55300
Finnifty – Resistances 26800- 26900; Supports 26600-26500
F&O Security in Ban Today: NIL
IMPORTANT RESULTS TODAY: ADANIPOWER, ITC, LICHSGFIN, MCX, UPL.
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