Market update as on 7th November 2016

Sensex:

            Today, the Sensex gained around 185 points to close at 27458.99 up by 0.68%.

Nifty:

          Today, the Nifty gained around 64 points to close at 8497.05 up by 0.75%.

Reason:

             The global markets had a relief rally today after a clean chit to US Presidential candidate Hillary Clinton in email probe by FBI. So the Indian indices followed them and ended a five day losing streak.

Rates:

INR / 1 USD : 66.7301

INR / 1 EURO : 73.8435

CRR : 4%

SLR : 20.75%

Stock:

           The stock which I have chosen for virtual buying and monitoring is TCS (Tata Consultancy Services).

Price of 1 share of TCS = 2277.05 and 44 shares were bought.

So, 2277.05 * 44 = 1,00,190.

Business News:

                          Shares of newly listed PNB Housing Finance ended with 15% gains at Rs. 891.15 per share on the BSE. The housing finance company was listed at Rs. 860 per share up 11% from its issue price of Rs. 775. The issue was oversubscribed by 29.55 times.