Karunanidhi in hospital, blood pressure stabilised
Chennai, July 28: DMK President M. Karunanidhi early on Saturday was admitted into the intensive care unit (ICU) of Kauvery Hospital here after his blood pressure dropped, said the hospital.
In a statement issued here the hospital said the 94-year-old leader was admitted into ICU at 1.30 a.m.
"His blood pressure has been stabilised since with medical management. He continues to be monitored and treated by a panel of expert doctors," Kauvery Hospital's Executive Director Aravindan Selvaraj said.
The five time former Chief Minister of Tamil Nadu has been suffering from urinary tract infection and age-related ailments and was earlier under treatment at his home.
A large number of DMK cadres have gathered outside the hospital and a huge contingent of policemen was deployed for security.
Speaking to reporters here DMK leader A. Raja urged the party cadres to remain calm and said: "Karunanidhi's blood pressure is now normal and there is nothing to worry".
A team of doctors had reached Karunanidhi's home about midnight and reviewed his condition. They then decided to shift him to the hospital after discussions with the family members.
On Friday DMK leader and Karunanidhi's son M.K. Stalin said there "is good improvement in the health condition of Kalaignar" as the infection had come down a lot.
On Thursday, in a statement issued by the Kauvery Hospital, the Executive Director said the DMK patriarch was under treated for fever due to urinary tract infection with intravenous antibiotics and fluids.
"He is being monitored and treated round the clock by a team of medical and nursing professionals, who are providing hospital-level care at his home," Selvaraj said.
Earlier Karunanidhi was admitted to the same hospital for change of the tracheostomy tube.
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SEBI must name 'big players' profiteering at expense of small traders in F&O trading: Rahul Gandhi
New Delhi, Sep 24: Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the "so called big players" profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, "Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ₹1.8 lakh Cr in 3 years."
"SEBI must reveal the names of the so called 'Big Players' making a killing at their expense," the former Congress chief said.
The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses.
It found the top 3.5 per cent of loss-makers -- about 4 lakh traders -- faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.
On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.
Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.
Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.
"The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity," SEBI said.
The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
Uncontrolled F&O trading has grown 45x in 5 years.
— Rahul Gandhi (@RahulGandhi) September 24, 2024
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called “Big Players“ making a killing at their expense.
