Market update as on 18 November 2016

Sensex:

            Today, the Sensex dropped 77.38 points to close at 26150.24 down by 0.38%.

Nifty:

          Today, the Nifty also lost a little around 5.85 points to close at 8074.10 up by 0.07%.

Reason:

             After oscillating in a 242 points range, the BSE Sensex ended at 6 month closing low on friday as investors continued to avoid taking fresh positions.

Rates:

INR / 1 USD : 68.0937

INR / 1 EURO : 72.2134

CRR : 4%

SLR : 20.75%

Stock:

           The TCS shares gained 0.5% .

Change	- 12.10
Day’s gain	- 532
Overall gain	- 6686
Latest value of virtual investment	Rs. 93,504

  

Business News:

Kishore Biyani, who gave 'bazaar' a new meaning, has made no bones about his ambitious plans to expand. Some of his mergers and acquisitions are Nilgiris grocery chain, FabFurnish, Sangam Direct, Heritage foods retail, Joint Venture with Booker Group which he expects to contribute 25% of this pie.