2023 / NSE Updates

Don’t Miss Out! Government Raises Rates on Small Saving Schemes

Government Announces Significant Changes in Small Saving Schemes Rates for Q1 2024

On Friday, the government unveiled the interest rates applicable to small savings schemes for the January-March 2024 quarter. A notable adjustment is set to take place in the interest rates of select small savings schemes and post office schemes as of March 31, 2024, as outlined in the official government announcement made on December 29, 2023. While the interest rates for the Public Provident Fund (PPF) remain steadfast at 7.1 percent, there are increments in the interest rates for the Sukanya Samriddhi Account Scheme and the three-year time deposit.

Government Raises Rates on Small Saving Schemes

Key Adjustments: Sukanya Samriddhi Account Scheme (SSAS) and Three-Year Time Deposit Rates Surge by 20 Basis Points

Specifically, there has been a 20 basis points increase in the interest rates for both the Sukanya Samriddhi Account Scheme (SSAS) and the three-year time deposit. The SSAS interest rate now stands at 8.2 percent for the January-March 2024 period. Notably, a basis point is equivalent to one-hundredth of a percentage point. It’s important to highlight that the interest rates for all other small savings schemes will remain unchanged from the rates offered in the October-December period.

Also Read: GAIL’s Green Revolution

Unlocking the Formula: Understanding How Small Savings Rates Align with Market Yields

The determination of interest rates on small savings is closely linked to market yields on government securities, with a spread of 0-100 basis points over the yield of comparable-maturity securities. Consequently, as market yields on government securities fluctuate during the reference period, the interest rates on small savings schemes adjust accordingly, adhering to the government’s prescribed formula.

Government’s Quarterly Scrutiny of Small Savings Rates and the Shyamala Gopinath Committee’s Impactful Methodology

The government conducts periodic reviews of the interest rates for small savings schemes every quarter. The methodology proposed by the Shyamala Gopinath Committee guides the determination of these rates. Consistent with the committee’s recommendations, interest rates for various schemes are advised to be set within a range of 25 to 100 basis points above the yields of government bonds with corresponding maturities.

Also Read:

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Dividend Adjustment Of VEDL For June 2023

Leave a Comment / Stock Market / Sanjeev

Find out all the information about the Dividend Adjustment of VEDL for June 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Vedanta Limited will adjust its dividends according to SEBI regulations.

VEDANTA Limited announced the First Interim Dividend of ₹ 18.50 per share on May 22, 2023. This translates to a yield of 6.56% based on the closing price of ₹ 281.95 on May 19, 2023. The ex-dividend date is set for May 30, 2023, with the record date for dividend payment scheduled for May 30, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, VEDL will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of VEDL for June 2023 in the Cash

Investors who buy VEDL shares on or prior to May 29, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of VEDL for June 2023 the Futures

In the futures market, VEDL’s futures contracts will be adjusted by subtracting the dividend amount from the May 29, 2023 closing price. For instance, if VEDL closes at ₹ 298.5 on May 29, 2023, one futures contract would be worth ₹ 298.5 x 2000 = ₹ 5,97,000. The next working day, May 30, 2023, the value of the same contract would be adjusted to ₹ 280 x 2000 = ₹ 5,60,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of VEDL for June 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. June 29, 2023, and those expiring on July 27, 2023, and August 31, 2023. This can be understood through the table given below:

VEDL dividend adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	260	241.5
CE/PE	265	246.5
CE/PE	270	251.5
CE/PE	275	256.5
CE/PE	280	261.5
CE/PE	285	266.5
CE/PE	290	271.5
CE/PE	295	276.5
CE/PE	300	281.5
CE/PE	305	286.5
CE/PE	310	291.5
CE/PE	315	296.5
CE/PE	320	301.5
CE/PE	325	306.5
CE/PE	330	311.5
CE/PE	335	316.5
CE/PE	340	321.5

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Dividend Adjustment Of ITC For March 2023

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Find out all the information about the Dividend Adjustment of ITC for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how ITC Limited will adjust its dividends according to SEBI regulations.

ITC Limited announced the Final Dividend of ₹ 6.75 and Special Dividend of ₹ 2.75 i.e. ₹ 9.5 per share on May 18, 2023. This translates to a yield of 2.22% based on the closing price of ₹ 427.60 on May 17, 2023. The ex-dividend date is set for May 30, 2023, with the record date for dividend payment scheduled for May 30, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, ITC will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of ITC for March 2023 in the Cash

Investors who buy ITC shares on or prior to May 26, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of ITC for March 2023 the Futures

ITC’s futures contracts will be adjusted by subtracting the dividend amount from the May 29, 2023 closing price in the futures market. For instance, if ITC closes at ₹ 439.5 on May 29, 2023, one futures contract would be worth ₹ 439.5 x 1600 = ₹ 7,03,200. The next working day, May 30, 2023, the value of the same contract would be adjusted to ₹ 430 x 1600 = ₹ 6,88,000.00 The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of ITC for March 2023 in the Options

ITC Dividend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	420	410.5
CE/PE	422.5	413
CE/PE	425	415.5
CE/PE	427.5	418
CE/PE	430	420.5
CE/PE	432.5	423
CE/PE	435	425.5
CE/PE	437.5	428
CE/PE	440	430.5
CE/PE	442.5	433
CE/PE	445	435.5
CE/PE	447.5	438
CE/PE	450	440.5
CE/PE	452.5	443
CE/PE	455	445.5
CE/PE	457.5	448
CE/PE	460	450.5

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Removal of WHIRLPOOL from the FNO

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Stay informed with the latest NSE circular regarding the removal of WHIRLPOOL from the FNO market on May 26, 2023. Learn about the impact on stock prices and settlement of contracts.

Removal of WHIRLPOOL from the FNO

On March 27, 2023, the National Stock Exchange (NSE) vide circular no. NSE/FAOP/56137, has announced its decision to exclude Whirlpool Of India Limited (WHIRLPOOL) from the futures and options (F&O) segment. This means that new F&O contracts for this company will not be issued after May 26, 2023. This decision is based on a review of the framework for stocks in the derivatives segment by the Securities and Exchange Board of India (SEBI).

Last Date in F&O

Investors will be able to trade in F&O of WHIRLPOOL till May 25, 2023. After that, new contracts for WHIRLPOOL will not be issued and this stock will not be a part of the F&O segment. Any contract that remains unsettled on May 25, 2023, will be settled by delivery.

About Whirlpool

Whirlpool of India Ltd, is a subsidiary of Whirlpool Corporation, committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. Headquartered in Gurugram, Whirlpool is one of the largest manufacturers and marketers of major home appliances in the country. WHIRLPOOL closed at 1330.20 on NSE on March 27, 2023, its 52-week high is 1917 and its low is 1217.25.

Impact of Removal of WHIRLPOOL from the FNO

There may have an impact of the removal of WHIRLPOOL from the FNO on investors, it is important to note that WHIRLPOOL will continue to trade in the equity segment and its underlying business performance will continue to drive its stock prices. It is important for investors to consider all available information before making any investment decisions.

Also Read:

Removal of WHIRLPOOL from the FNO Read More »

Dividend Adjustment Of OFSS For March 2023

Leave a Comment / Stock Market / Sanjeev

Find out all the information about the Dividend Adjustment of OFSS for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Oracle Financial Services Software Limited will adjust its dividends according to SEBI regulations.

OFSS Limited announced the Interim Dividend of ₹ 225 per share on April 26, 2023. This translates to a yield of 6.58% based on the closing price of ₹ 3419.05 on April 25, 2023. The ex-dividend date is set for May 8, 2023, with the record date for dividend payment scheduled for May 9, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, OFSS will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of OFSS for March 2023 in the Cash

Investors who buy OFSS shares on or prior to May 8, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of OFSS for March 2023 the Futures

In the futures market, OFSS’s futures contracts will be adjusted by subtracting the dividend amount from the May 8, 2023 closing price. For instance, if OFSS closes at ₹ 3525 on May 8, 2023, one futures contract would be worth ₹ 3525 x 200 = ₹ 7,05,000. The next working day, May 9, 2023, the value of the same contract would be adjusted to ₹ 3300 x 200 = ₹6,60,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of OFSS for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. May 25, 2023, and those expiring on June 29, 2023, and July 27, 2023. This can be understood through the table given below:

OFSS Divedend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	3360	3135
CE/PE	3380	3155
CE/PE	3400	3175
CE/PE	3420	3195
CE/PE	3440	3215
CE/PE	3460	3235
CE/PE	3480	3255
CE/PE	3500	3275
CE/PE	3520	3295
CE/PE	3540	3315
CE/PE	3560	3335
CE/PE	3580	3355
CE/PE	3600	3375
CE/PE	3620	3395
CE/PE	3640	3415
CE/PE	3660	3435
CE/PE	3680	3455

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Dividend Adjustment Of BAJAJ-AUTO For March 2023

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Find out all the information about the Dividend Adjustment of BAJAJ-AUTO for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Bajaj Auto Limited will adjust its dividends according to SEBI regulations.

BAJAJ-AUTO Limited announced the Dividend of ₹ 140 per share on April 25, 2023. This translates to a yield of 3.23% based on the closing price of ₹ 4332.10 on April 24, 2023. The ex-dividend date is set for June 29, 2023, with the record date for dividend payment scheduled for June 30, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, BAJAJ-AUTO will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of BAJAJ-AUTO for March 2023 in the Cash

Investors who buy BAJAJ-AUTO shares on or prior to June 29, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of BAJAJ-AUTO for March 2023 the Futures

In the futures market, BAJAJ-AUTO’s futures contracts will be adjusted by subtracting the dividend amount from the June 29, 2023 closing price. For instance, if BAJAJ-AUTO closes at ₹ 4640 on June 29, 2023, one futures contract would be worth ₹ 4640 x 250 = ₹ 11,60,000. The next working day, June 30, 2023, the value of the same contract would be adjusted to ₹ 4500 x 250 = ₹11,25,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of BAJAJ-AUTO for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. July 27, 2023, and those expiring on August 31, 2023, and September 28, 2023. This can be understood through the table given below:

BAAJ-AUTO Dividend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	4420	4280
CE/PE	4440	4300
CE/PE	4460	4320
CE/PE	4480	4340
CE/PE	4500	4360
CE/PE	4520	4380
CE/PE	4540	4400
CE/PE	4560	4420
CE/PE	4580	4440
CE/PE	4600	4460
CE/PE	4620	4480
CE/PE	4640	4500
CE/PE	4660	4520
CE/PE	4680	4540
CE/PE	4700	4560
CE/PE	4720	4580
CE/PE	4740	4600

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Dividend Adjustment Of MUTHOOTFIN For March 2023

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Find out all the information about the Dividend Adjustment of MUTHOOTFIN for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Vedanta Limited will adjust its dividends according to SEBI regulations.

MUTHOOT Finance Limited announced the Interim Dividend of ₹ 22 per share on April 6, 2023. This translates to a yield of 2.22% based on the closing price of ₹ 989.75 on April 5, 2023. The ex-dividend date is set for April 18, 2023, with the record date for dividend payment scheduled for April 18, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, MUTHOOTFIN will adjust its dividends in both the futures/options and cash markets.

Dividend Adjustment of MUTHOOTFIN for March 2023 in the Cash

Investors who buy MUTHOOTFIN shares on or prior to April 17, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of MUTHOOTFIN for March 2023 the Futures

In the futures market, MUTHOOTFIN’s futures contracts will be adjusted by subtracting the dividend amount from the April 17, 2023 closing price. For instance, if MUTHOOTFIN closes at ₹ 1022 on April 17, 2023, one futures contract would be worth ₹ 1022 x 550 = ₹ 5,62,100. The next working day, April 18, 2023, the value of the same contract would be adjusted to ₹ 1000 x 550 = ₹ 5,50,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of MUTHOOTFIN for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. April 27, 2023, and those expiring on, May 25, 2023, and June 29, 2023. This can be understood through the table given below:

MUTHOOTFIN Dividend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	950	928
CE/PE	960	938
CE/PE	970	948
CE/PE	980	958
CE/PE	990	968
CE/PE	1000	978
CE/PE	1010	988
CE/PE	1020	998
CE/PE	1030	1008
CE/PE	1040	1018
CE/PE	1050	1028
CE/PE	1060	1038
CE/PE	1070	1048
CE/PE	1080	1058
CE/PE	1090	1068
CE/PE	1100	1078
CE/PE	1110	1088

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Dividend Adjustment Of VEDL For March 2023

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Find out all the information about the Dividend Adjustment of VEDL for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Vedanta Limited will adjust its dividends according to SEBI regulations.

VEDL Limited announced the Fifth Interim Dividend of ₹ 20.50 per share on March 28, 2023. This translates to a yield of 7.52% based on the closing price of ₹ 272.75 on March 27, 2023. The ex-dividend date is set for April 6, 2023, with the record date for dividend payment scheduled for April 7, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

Dividend Adjustment of VEDL for March 2023 in the Cash

Investors who buy VEDL shares on or before April 5, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of VEDL for March 2023 the Futures

In the futures market, VEDL’s futures contracts will be adjusted by subtracting the dividend amount from the April 5, 2023 closing price. For instance, if VEDL closes at ₹ 280.50 on April 5, 2023, one futures contract would be worth ₹ 280.50 x 2000 = ₹ 5,61,000. The next working day, April 6, 2023, the value of the same contract would be adjusted to ₹ 260 x 2000 = ₹ 5,20,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of VEDL for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. April 27, 2023, and those expiring on, and May 25, 2023, and June 29, 2023. This can be understood through the table given below:

VEDL dividend adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	255	234.5
CE/PE	257.5	237
CE/PE	260	239.5
CE/PE	262.5	242
CE/PE	265	244.5
CE/PE	267.5	247
CE/PE	270	249.5
CE/PE	272.5	252
CE/PE	275	254.5
CE/PE	277.5	257
CE/PE	280	259.5
CE/PE	282.5	262
CE/PE	285	264.5
CE/PE	287.5	267
CE/PE	290	269.5
CE/PE	292.5	272
CE/PE	295	274.5

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Dividend Adjustment of IGL For March 2023

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Find out all the information about the Dividend Adjustment of IGL for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Indraprastha Gas Limited will adjust its dividends according to SEBI regulations.

IGL Limited a joint venture of GAIL, BPCL, and the Government of NCT Delhi announced the Interim Dividend of ₹ 10 per share on March 23, 2023. This translates to a yield of 2.28% based on the closing price of ₹ 439.40 on March 22, 2023. The ex-dividend date is set for March 31, 2023, with the record date for dividend payment scheduled for March 31, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, IGL will adjust its dividends in both the futures/options and cash markets.

Dividend Adjustment of IGL for March 2023 in the Cash

Investors who buy IGL shares on or prior to March 29, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of IGL for March 2023 the Futures

In the futures market, IGL’s futures contracts will be adjusted by subtracting the dividend amount from the March 29, 2023 closing price. For instance, if IGL closes at ₹ 440 on March 29, 2023, one futures contract would be worth ₹ 440 x 1375 = ₹ 6,05,000. The next working day, March 31, 2023, the value of the same contract would be adjusted to ₹ 430 x 1375 = ₹ 5,91,250. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of IGL for March 2023 in the Options

IGL Dividend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	380	370
CE/PE	385	375
CE/PE	390	380
CE/PE	395	385
CE/PE	400	390
CE/PE	405	395
CE/PE	410	400
CE/PE	415	405
CE/PE	420	410
CE/PE	425	415
CE/PE	430	420
CE/PE	435	425
CE/PE	440	430
CE/PE	445	435
CE/PE	450	440
CE/PE	455	445
CE/PE	460	450

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Read More:

Dividend Adjustment Of MUTHOOTFIN For March 2023

Dividend Adjustment of IGL For March 2023 Read More »

Dividend Adjustment of GAIL for March 2023

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Find out all the information about the Dividend Adjustment of GAIL for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how GAIL (India) Limited will adjust its dividends according to SEBI regulations.

Maharatna Company GAIL Limited announces the Interim Dividend of ₹ 4 per share on March 13, 2023. This translates to a yield of 3.60% based on the closing price of ₹ 111.05 on March 10, 2023. The ex-dividend date is set for March 21, 2023, with the record date for dividend payment scheduled for March 21, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, GAIL will adjust its dividends in both the futures/options and cash markets.

Dividend Adjustment of GAIL for March 2023 in the Cash

Investors who buy GAIL shares on or prior to March 21, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of GAIL for March 2023 the Futures

In the futures market, GAIL’s futures contracts will be adjusted by subtracting the dividend amount from the March 20, 2023 closing price. For instance, if GAIL closes at ₹ 114 on March 20, 2023, one futures contract would be worth ₹ 114 x 9150 = ₹ 10,43,100. The next day, March 21, 2023, the value of the same contract would be adjusted to ₹ 110 x 91500 = ₹ 10,06,500. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of GAIL for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. March 29, 2023, and those expiring on, April 27, 2023, and May 25, 2023. This can be understood through the table given below:

GAIL Dividend Adjustment

Option Type	Old Strike Price	New Strike Price
CE/PE	105	101
CE/PE	106	102
CE/PE	107	103
CE/PE	108	104
CE/PE	109	105
CE/PE	110	106
CE/PE	111	107
CE/PE	112	108
CE/PE	113	109
CE/PE	114	110
CE/PE	115	111
CE/PE	116	112
CE/PE	117	113
CE/PE	118	114
CE/PE	119	115
CE/PE	120	116
CE/PE	121	117

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