Cautioning against household savings getting invested in futures and options trade, Chief Economic Advisor V Anantha Nageswaran on Saturday said there is a need to reconsider sachetisation of F&O trade because it requires different financial literacy. Speaking at the CII's Annual Business Summit, 2024, Nageswaran said whenever financial sector development precedes national development.
Open FlipJSW Steel, the country's largest steelmaker by capacity, announced a dividend per share (DPS) of ā¹7.30 for the financial year 2024. The declared dividend is the highest payout from the company, barring FY22, in which it had distributed ā¹17.35 per share. The total outflow on account of equity divided stands at ā¹1,785 crore for the year.
Open FlipOn May 18, FIIs/FPIs net sold RsĀ 93Ā crore worth of equities. On the other hand, Domestic institutional investors also net sold Rs 153 crore worth of equities. According to provisional data from the exchanges, FIIs boughtĀ Rs 51 crore and sold Rs 144 crore. Meanwhile, DIIs picked upĀ RsĀ 149 crore in shares and dropped Rs 301.93 crore worth of equity in the session.
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