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The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares in the stock market and widen the shareholders base by making the equity shares more affordable to small investors.

The five-day event will focus on displaying indigenous equipment/technologies and forging partnerships with foreign companies.The theme of Aero India 2023 is "The Runway to a Billion Opportunities".

The Dow Jones Industrial Average rose 18.12 points, or 0.05%, at the open to 33,887.39.

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At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close

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“Over time, the ROE of Reliance has to improve from where it is right now and the only way they will do that is by eventually de-merging into separate businesses. Until that happens, I do not see a hope of a sudden re-rating of Reliance Industries itself. But we are holding on because we think eventually these businesses will be de-merged and individually listed and investors will make the best of all of them. ”

"On a per tonne basis, operating costs, including freight increased by 8.8 per cent y/y (year-on-year) due to a steep increase in coal, Petcoke & diesel costs. The increase was partially offset by an increase in prices resulting in EBITDA of 339 per tonne, a decrease of 44 per cent y/y," HeidelbergCement India said in its earning statement.

Ahead of the domestic inflation print later today, Indian indices ended lower, with Nifty dropping around 0.5% to 17,770 levels. Sectorally, all indices except for the Nifty FMCG ended with a cut, with Nifty PSU Bank recording falling over 2%.

Since last week, Nifty has been range-bound, and until we get a decisive move above the zone of 17850 – 17900, the range-bound action is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought into. Overall, we expect the Nifty to test the upper end (18100) of the downward-sloping channel from a short-term perspective.