RBI's Rs 2.87 lakh crore dividend to govt, Eicher Motors' Rs 82 dividend, & more
Friday, 22 May 2026
Markets opened above yesterday’s closing point.
Private bank stocks and cement stocks rose the most today. Healthcare stocks and media stocks fell the most.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
India’s forex reserves fell by $8.09 billion to $688.89 billion in the week that ended on 15 May.
The RBI approved a surplus transfer (dividend) of Rs 2.87 lakh crore to the government for FY 2025-26.
India and Cyprus have elevated their bilateral relationship to a Strategic Partnership. They also signed 6 MoUs and announced initiatives to boost cooperation across defense, counter-terrorism, technology, and trade.
SEBI proposed allowing third party payments to mutual funds which would let employers deduct money directly from the salary to invest in SIPs. It also proposed allowing AMCs to pay distributor commissions using mutual fund units.
Stocks Updates
LG Electronics: net profit fell 8.19% year-on-year to Rs 692.73 crore in the Jan-March quarter.
Sun Pharma: net profit rose 25.8% year-on-year to Rs 2,709.7 crore in the Jan-March quarter. Final dividend announced: Rs 5 per share.
Eicher Motors: net profit rose 11.6% year-on-year to Rs 1,519.9 crore in the Jan-March quarter. Final dividend announced: Rs 82 per share.
Torrent Pharma: net profit fell 26.9% year-on-year to Rs 364 crore in the Jan-March quarter. Final dividend announced: Rs 9 per share with record date 29 May.
Lupin: entered Chinese markets after receiving sales approval for Oseltamivir Phosphate Oral Suspension.
Bosch: Bosch Limited and TSF Group announced a 50:50 Joint Venture for Commercial Vehicle Air Systems.
Word of the Day
Circuit Breakers
They are automatic mechanisms that temporarily stop trading when stock prices move too sharply in a short time.
Trading pauses for a few minutes or hours depending on the level of the fall/rise.
There are circuit breakers that apply to the entire stock market as well as individual stocks.
In India, market-wide circuit breakers are triggered when the Nifty 50 or Sensex falls by 10%, 15%, or 20% in a single day.
For individual stocks, there are price bands, which limit how much a stock can rise or fall in a day to prevent extreme volatility.
Circuit breakers help control panic selling and excessive speculation by providing a cooling-off period.
6 Day Course
Theme: imports & exports of India
Day 5: Friday
So we can see that our imports are worth $700 billion and export are worth $400 billion.
This gap is called the trade deficit.
There are many reasons this is not liked by economists. The main reason that it is being talked about right now is because of currency exchange rates.
Since we are importing a lot more, there is always more selling of INR (to buy USD, to import).
This is compared to USD being converted to INR from exports.
So, the net effect is that there is always more demand for USD than INR. This results in the price of USD going up compared to INR.
This is one of the reasons why the exchange rate is falling (we have to pay more INR per USD).
The problem with this is that since we import crude oil, an expensive USD means we have to spend even more INR to import the same amount of goods.
This is why we are seeing the exchange rate topic being discussed.
Featured Question
Q. “For SIP investments in mutual funds, does each installment have its own 1-year exit load period, or is the exit load applicable collectively based on the first SIP payment date?”
Yes.
In case of SIPs, each instalment’s exit load is calculated separately.
Similarly, even the tax calculation (capital gains tax) happens individually for each SIP instalment.
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