📈 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.
