Indian markets focus on TCS earnings, SBI share sale and dividend ex-dates

India’s stock market spotlight includes Tata Consultancy Services Ltd (TCS) releasing its June‑quarter earnings, which investors expect to influence the broader IT sector. State Bank of India (SBI) announced share purchase agreements to sell 2,88,32,748 equity shares of its subsidiary, SBIFM, to 30 investors at ₹574 per share.

A slate of companies such as Axis Bank, Apollo Tyres, Hindalco, JSW Cement, Mahindra Logistics and Nestlé India are turning ex‑date for dividends. Other corporate actions include Dixon Technologies’ joint‑venture agreement with Vivo Mobile India, Blue Jet Healthcare’s share allotment at a discounted price, Allcargo Global’s divestment of a step‑down subsidiary, and Federal Bank receiving its first international BBB‑/Stable rating from S&P Global.

The BSE Sensex slipped more than 2% following renewed hostilities in West Asia, adding a geopolitical backdrop to the market moves.