TATA Consultancy Services

#1
Why is here a big difference in the futures and SPOT price.

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Is it because of the INR 40/share dividend that TCS has declared in yesterdays quarterly results ?
 
#3
Ok.

The record date is 18-OCT (Fri). On 21-OCT (Mon) the stock price should, theoretically, open INR 40 lower. Or somehow both prices should tend to converge, hopefully within the same day.

I will try to see that to confirm my learning.
 
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#4
Ok.

The record date is 18-OCT (Fri). On 21-OCT (Mon) the stock price should, theoretically, open INR 40 lower. Or somehow both prices should tend to converge, hopefully within the same day.

I will try to see that to confirm my learning.
So it actually happened today, today being the Ex-dividend day. Stock Price and Future Price converged.
It reinstated the concept of Ex-dividend date, Record Date and T+2 settlement for me. All good.
 
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