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A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

Foreign portfolio investors (FPIs) continue to remain net buyers Rs 342 crore at the end of last week. DIIs, on the other hand, sold shares worth Rs 264 crore.

Indian equities rose for the 8th straight session on Wednesday, as March-quarter corporate earnings trickled in. But concerns over the domestic inflation print capped gains.

On the occasion of Ambedkar Jayanti, the stock market will remain shut on Friday, April 14. According to the BSE calendar, the equity segment, derivative segment, and SLB segment will be closed on this day. Further, the multi-commodity exchange will also be closed for the morning session, and trading will resume at 5 pm on April 14 for the evening session.

Experts are optimistic about a sustained rally in the Indian stock market, with the first half of the earnings season expected to be positive. Institutional investors are making selective buys in companies with attractive valuations in comparison to peers, including Max Healthcare, Piramal, and Aurobindo. The healthcare and pharmaceutical sectors are predicted to have sustainable expenses, making them a safe investment option. Aurobindo is seen as particularly attractively valued and could see a surprise earnings boost from factors such as base effect, new launches, or rupee depreciation.

The near-term trend of the market continues to be positive. Though Nifty placed at the swing highs, still there is no indication of any reversal pattern building at the highs. The next upside levels to be watched are around 18,200. Immediate support is at 17,700 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

TCS Q4 Results: The dividend will be paid on the fourth day from the conclusion of the 28th Annual General Meeting (AGM), subject to approval of the shareholders of the company.

Gopinathan had a 22-year stint with TCS and during his last six years of tenure as CEO the IT company has added $10 billion in incremental revenue and over $70 billion increase in market capitalisation.