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Market brief · the same for every editionYesterday's news, the markets and what's coming
Market brief

Yesterday's news, the markets and what's coming

World markets · west to eastRegular trading hours in local and UK time. Public holidays and unscheduled closures not included.
Prices as at Updated at the close of play each weekday

News items summarise third-party reporting and may contain errors. Check the source link before relying on anything. Not investment advice.

Stock markets

Major indices

IndexLevelDayWeekMonthThis year
Commodities watch

Oil, gas, metals, food and currencies

The bars show the move over a week, a month, this year and 12 months, so you can see the trend at a glance. The trend label is based on the last month. Each card says which shares it matters for.

Close-of-play figures, not real-time prices. Commodity, currency and crypto prices can move sharply, and cryptoassets are largely unregulated in the UK. Not investment advice. Important information

Economic calendar

The data and decisions that move markets

Inflation, jobs (including US non-farm payrolls), growth, business surveys and central bank decisions over the next few weeks. Times are UK time. Red-edged rows are the big ones. "Last" is the previous reading; "Expected" is the market consensus where one is published.

    Time left to qualify
    00Days
    :
    00Hours
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    00Minutes
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    00Seconds

    The NSE closes at 3:30pm Mumbai. Right now that is in London, so Indian cut-offs fall in the UK morning.

    Dividend simulator

    If you invested today, what would you be paid, and when?

    Total dividend yield · 12 months——
    Dividends over 12 months—Cash, if the last 12 months' payments repeat
    Dividend cover—
    How often it pays—
    Tax withheld for UK investors—
    After withholding—
    This payment only · return——
    This payment only · cash dividend——
    Gross position after the payment——
    One-off buying costs—
    Money invested—
    First payment lands in—
    CompanyCloseSharesYou'd receivePaid onCountdown to payment

    A simulation, not advice. It assumes you buy at the previous NSE closing price and hold through the record date, and it includes securities transaction tax (0.1%) and stamp duty (0.015%) on the purchase. All figures are in Indian rupees, with the sterling value alongside. Most UK brokers do not offer Indian-listed shares to UK retail investors; see "Can UK investors buy Indian shares?" below. Tax deducted at source depends on your residence and the paperwork you give the company.

    Yield Maximiser

    Highest India dividend yields still open to qualify for, with the cover behind them

    Only companies whose qualifying cut-off has not passed. Dividend cover shows how many times earnings could pay the dividend: 2x or more is comfortable, below 1x means the company is paying out more than it earned.

    Tap any company to see what you would be paid, when it lands, and the tax withheld.

      2x+ Strong 1.5–2x Adequate 1–1.5x Thin Under 1x Not covered

      Cover is trailing 12-month earnings per share divided by dividends per share, on reported earnings, from Bigdata.com (FMP data). Companies without 12-month data are left out of this ranking but appear in the ledger.

      Spotlight

      Three records worth a closer look

      Stock Chess · this week's six

      What each company is working on

      Projects, deals and targets the companies themselves have announced in results, filings and investor days, together with the next date that could move the story. These are company plans, not forecasts from The FOMO Dividend. Each one can slip or fail.

      Cut-off is the NSE close (15:30 Mumbai) on the last trading day before the ex-date, because Indian trades settle in one business day. See the Stock Chess tab for the bigger moves in India's large companies.

      Catalyst watch

      Results season: the dates that bring India's interim dividends

      Second-quarter results (July to September) are rolling in. IT companies such as TCS and HCL Technologies often declare an interim dividend alongside results, with the record date a few days later. Times are Mumbai time, from the Bigdata.com events calendar.

        The ledger

        Companies going ex-dividend

        CompanyTypeDividendIn poundsPayment % of price12-month yieldCoverStatusSource

        Dividends are in rupees per share. "In pounds" converts at the rate shown in the simulator. "% of price" divides this payment by the previous NSE close. A dash means the figure has not been sourced, not that it is zero. Confirm each dividend against the company's NSE or BSE filing before acting.

        Plain English

        Terms used on this page

        Record date and ex-date (India)

        India settles share trades one business day after the trade (T+1), so the ex-date and the record date are now the same day. To qualify, you must buy by the 3:30pm Mumbai close on the previous trading day, which is 11:00am UK time in summer and 10:00am in winter. NSE holidays push the cut-off back a day.

        Interim and final dividends

        Indian companies often pay one or more interim dividends during the year, declared by the board, and a final dividend approved at the annual meeting. Some, such as TCS, also pay specials.

        TDS (tax deducted at source)

        Indian companies deduct tax before paying. For Indian residents it is 10% if dividends from one company exceed ₹10,000 in the financial year. For non-residents it is 20% plus surcharge and cess, or a lower tax treaty rate if you give the company a tax residency certificate and Form 10F.

        Can UK investors buy Indian shares?

        Usually not directly. Most UK brokers do not offer NSE or BSE shares to UK retail investors. Non-resident Indians and overseas citizens of India can usually invest through an Indian bank's portfolio investment scheme. Others typically get exposure through US-listed ADRs, such as Infosys, Wipro, HDFC Bank and ICICI Bank, or through India funds.

        Securities transaction tax and stamp duty

        India charges 0.1% securities transaction tax on delivery purchases and sales of shares, and 0.015% stamp duty on purchases. The simulator includes both on the purchase.

        Dividend cover

        How many times earnings could pay the dividend: earnings per share ÷ dividend per share. Below 1x means the company paid out more than it earned.

        Reel script · 30 seconds

        A dramatised interview with a host and two expert guests. The guests are fictional characters to be voiced by actors, so no real person is quoted. Every figure comes from this page.

        Sources

        Where each figure comes from