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The decision follows Nestle India board's proposal for a gradual increase to 5.25% of net sales.

Revenue from operations remained flat at ₹46,269 crore.

The 30-share BSE Sensex closed at 73,959.63, up 42.60 points, or 0.06%. The NSE Nifty 50 increased to 22,481.90, gaining 15.80 points, or 0.07%.

NHPC declared a final dividend recommendation of ₹0.50 per share (subject to approval).

Oil & gas and autos were the stars of the week, even as banks mirrored the Nifty and Sensex gains

FPIs were net sellers of $1,336 Million in equities in the week to May 17, 2024; although markets rallied

In the previous trading session, Indian benchmark indices Nifty 50 and Sensex closed in the green, with Nifty 50 at 22,502.00 and Sensex at 74,005.94.

Sector-wise, Consumer Durables, Auto, Metal, Realty, and Oil & Gas were the day's biggest gainers, while IT, Pharma, and Healthcare sectors were the most significant laggards.

Focus shifts to a number of Fed speakers for hints on the U.S. rate outlook and when an easing cycle could start

The decision follows finalization of plans to raise $450 million via dollar bond issuance.