Several major Indian companies have set crucial dates for their upcoming dividend payments, offering shareholders an opportunity to benefit from these distributions. The announcements come from a diverse range of sectors, including oil and gas, consumer goods, and power generation.

Key Dividend Announcements

The following table summarizes the dividend announcements from prominent companies:

Important Dates for Investors

Investors should note two critical dates:

1. Last Day to Buy Shares: November 6
2. Record Date: November 7

These dates are crucial for determining dividend eligibility. Due to India's T+1 settlement cycle, shares purchased on the record date will not qualify for dividend payments.

Additional Companies Trading Ex-Dividend

Several other companies will trade ex-dividend on Friday, including:

• Computer Age Management Services
• Aptus Value Housing Finance India
• Balkrishna Industries
• Dr Agarwals Eye Hospital
• Navin Fluorine International
• R R Kabel
• Sanofi India
• Shriram Finance

Tax Implications

Investors should be aware that dividend income exceeding Rs 5,000 annually is subject to a 10% Tax Deducted at Source (TDS) for resident individuals.

Investor Considerations

These dividend announcements provide an opportunity for investors to potentially benefit from additional income. However, it's important to consider the ex-dividend date and record date when making investment decisions. The share prices of these companies may adjust post the ex-dividend date to reflect the dividend payout.

Investors should also factor in their overall investment strategy and tax implications when considering these dividend-paying stocks. As always, it's advisable to consult with a financial advisor for personalized investment advice.

The Indian stock market faced a challenging session recently, with the benchmark Nifty 50 index closing lower. The decline was characterized by widespread selling pressure across many sectors, signaling a cautious sentiment among investors.

Market Performance

• Nifty 50: Closed lower
• Sectoral Indices: Many sectors registered losses
• Broader Market: Nifty Midcap and Smallcap indices ended in the red

Large-cap stocks, including Power Grid Corporation and Coal India, led the declines, contributing significantly to the market's downward movement.

Q4 Earnings Highlights

Several companies reported their quarterly earnings, presenting a mixed picture of corporate performance:

Corporate Developments

• TCS: Signed a 5-year agreement with UK supermarket chain Morrisons
• Various companies announced expansions, acquisitions, and strategic partnerships, indicating ongoing business activities despite market challenges

The market's performance reflects the complex interplay of global economic factors, domestic corporate earnings, and investor sentiment. While some companies demonstrated resilience with strong profit growth, others faced headwinds, highlighting the uneven nature of the economic recovery.

As the earnings season progresses, investors may closely monitor upcoming earnings reports and economic indicators for a clearer picture of market trends. The broad-based selling pressure observed in this session suggests a cautious approach among market participants.