📈 Market Wrap

• Sensex closed 579 points higher at 77,502.12.
• Nifty 50 ended above 24,175, led by a sharp rally in IT stocks as easing crude oil prices boosted investor sentiment.

🔥 Stocks in Focus Today

• Infosys, TCS, Tech Mahindra, HCL Technologies, and Wipro led the IT rally after a strong rebound in technology shares.
• Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, and SBI remained in focus due to fresh corporate and sector-specific developments.

🏢 Latest Corporate Actions

💰 Dividends (Ex-Date: 3 July 2026)

Several companies will trade ex-dividend tomorrow, including:

• Tech Mahindra – Final Dividend ₹36/share
• Mahindra & Mahindra – Final Dividend ₹33/share
• SKF India – Final Dividend ₹40/share
• Thermax – Final Dividend ₹14/share + Special Dividend ₹6/share
• Union Bank of India – Final Dividend ₹5/share
• Shriram Finance – Final Dividend ₹6/share
• Biocon – Final Dividend ₹0.50/share
• Bharat Forge – Final Dividend ₹6.50/share

📅 Board Meetings

Upcoming key board meetings include:

• Nestlé India – Special dividend consideration.
• LIC Housing Finance – AGM and dividend-related matters.
• Apollo Micro Systems – Preferential issue proposal.

📊 Fund Raising & Corporate Developments

• Adani Enterprises has opened a Qualified Institutional Placement (QIP) with a floor price of ₹3,034.68 per share.
• Orbit Exports will consider a share buyback at its board meeting on 7 July.
• Carlsberg has confidentially filed for an IPO of its Indian business, a deal that could value the unit at up to $700 million.

📌 Key Events to Watch

• U.S. June jobs report (a major trigger for global markets).
• Early Q1 earnings season in India.
• Dividend and ex-date activity across several large-cap companies tomorrow.

📢 MarketLence Headline

📈 Sensex Jumps 579 Points, Nifty Closes Above 24,175; IT Stocks Lead Rally While Tech Mahindra, M&M, SKF India, Thermax and Union Bank Trade Ex-Dividend on 3 July. Carlsberg India Files for IPO.