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Oil stuck between supply strains and economic doubt

Updated at : 2023-07-12 19:20:01

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Oil prices remain steady as the market stands between the chances of economic weakness caused by trade tensions and supply cuts by exporters that could lift the prices instead. Brent futures increased by 20 cents to $79.60 a barrel while the US West Texas Intermediate crude rose by 30 cents to $75.13 per barrel.

In the last one-year period, HCL Tech has paid a dividend of 48 per share, which results in a dividend yield of 4.32%.

The infusion will be done through subscription to equity shares or convertible securities on a preferential basis.

Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold

The Nifty Realty index was trading 0.41 per cent down at 524.7.

Shares of companies that are due to be part of a main index generally see strong traction because of buying by passive funds.

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​I think when as you are reaching closer to your goal, probably you start tilting your portfolio towards more debt instruments so that your portfolio does not get impacted by sudden volatility.

While the net profit was above the ET Now poll of Rs 10,890 crore, the revenue was tad lower than the estimated Rs 59,500 crore. Sequentially, the topline rose a mere 0.4%, making this the slowest growth in 12 quarters for the country’s largest software exporter. The profit declined nearly 3% from the March quarter.

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The interim dividend shall be paid on August 7 to the equity shareholders of the company, whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on record date.

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