Shyam Century Ferrous (Re 0.3 per share) and Sun TV Network (Rs 5 per share) had announced their interim dividends. Shares of 7NR Retail will turn ex-rights today. The company had announced a rights issue of 1 share for every 1 share held, offered at Rs 1.4 apiece. Fine Organic Industries and Salem Erode Investments will have their annual general meetings (AGM) today.
Shyam Century Ferrous (Re 0.3 per share) and Sun TV Network (Rs 5 per share) had announced their interim dividends. Shares of 7NR Retail will turn ex-rights today. The company had announced a rights issue of 1 share for every 1 share held, offered at Rs 1.4 apiece. Fine Organic Industries and Salem Erode Investments will have their annual general meetings (AGM) today.
"Europe's dire energy situation suggests the peak of inflation is not here yet and the risk remains that high inflation is sticky for longer without further aggressive central bank action," said Tapas Strickland, a director of economics at NAB.
Major Asian stocks opened lower Tuesday after jitters over the speed of rate hikes by the US Federal Reserve drove down Wall Street shares overnight. MSCI's index of Asia-Pacific shares outside Japan was trading 0.54 per cent lower.
The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend.
Investors are also waiting on minutes of the European Central Bank's (ECB) last policy meeting on Thursday that are likely to sound hawkish even as the continent faces downturn in growth.
Tata Consultancy Services, country's largest software exporter, has bagged a contract for an undisclosed sum from Africa's Absa Corporate and Investment Bank.