Sun, May 5, 2024 12:38 PM
Soft US labour report ups bets for 2 rate cuts in 2024
A Flip by Shubhangi Gupta
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.
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JSW Steel, the country's largest steelmaker by capacity, announced a dividend per share (DPS) of ₹7.30 for the financial year 2024. The declared dividend is the highest payout from the company, barring FY22, in which it had distributed ₹17.35 per share. The total outflow on account of equity divided stands at ₹1,785 crore for the year.
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On May 18, FIIs/FPIs net sold Rs 93 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 bought Rs 51 crore and sold Rs 144 crore. Meanwhile, DIIs picked up Rs 149 crore in shares and dropped Rs 301.93 crore worth of equity in the session.
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