Market update as on 22 November 2016

Sensex:

            Today, the Sensex gained 195.64 points to close at 25960.78 up by 0.76%.

Nifty:

          Today, the Nifty also gained around 73.20 points to close at 8002.30 up by 0.92%.

Reason:

             The Indian markets snapped a 6 day fall mainly due to short covering and positive global cues.

Rates:

INR / 1 USD : 68.2317

INR / 1 EURO : 72.4348

CRR : 4%

SLR : 20.75%

Stock:

           The TCS shares gained 0.10% .

Change	+ 2.10
Day’s gain	410
Overall gain	- 6,250
Latest value of virtual investment	Rs. 93,940

  

Business News:

Fitch, the credit rating agency re-affirmed its negative outlook for India's banking sector, saying the financial standing remained fragile without bigger capital injections and that the government's action on banknotes could end up having a mixed impact.