M&M, JSW Steel fall on ex-dividend day

M&M and JSW Steel had declared dividend of Rs 12.5 and Rs 7.5 respectively

Shares in JSW Steel falls 1.1 percent, while Mahindra & Mahindra (M&M) falls 1 percent after both stocks go ex-dividend on Thursday.

Auto maker M&M had declared a dividend of Rs 12.5 a share. Steel maker JSW Steel was paying a dividend of Rs 7.5 a share until Wednesday.