Indian equities plummeted on Monday, with the Sensex and Nifty facing significant losses due to disappointing earnings, stalled India-U.S. trade talks, IT sector layoffs, and persistent foreign investor outflows. Kotak Mahindra Bank's poor results and TCS's workforce reduction further dampened market sentiment.
ETIG analysis reveals seven BSE 500 companies paid more dividends than their FY25 profits. These firms include Castrol India, Page Industries and Tech Mahindra. Hindustan Zinc, Hindustan Unilever, Aster DM Healthcare and Godrej Consumer Products are also in the list. Aster DM declared a special dividend after its Gulf business separation.
Stock markets declined for the second day in a row on Friday, with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows.
The two companies have recorded the fastest revenue growth in the industry, but the investors would have none of it. Among major concerns: Concerns regarding profitability and cash flows
From the Sensex firms, Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies, and NTPC were among the biggest laggards.
However, Eternal, Tata Motors, Sun Pharma, Tata Steel, and Titan were the gainers.