Sensex:
Today, the Sensex lost around 339 points to close at 27252.53 down by 1.23%.
Nifty:
Today, the Nifty lost around 112 points to close at 8432.00 up by 1.31%.
Reason:
The markets plunged to new lows before recovering after Donald Trump defeated Hillary Clinton in the US Presidential elections. The impact of Prime Minister Narendra Modi banning the legal tender of Rs 500 and Rs 1000 notes were also seen on the markets.
Rates:
INR / 1 USD : 66.7968
INR / 1 EURO : 74.9727
CRR : 4%
SLR : 20.75%
Stock:
The TCS shares fell -4.96% mainly due to the US election result.
Change
|
- 113.35
|
Day’s gain
|
-4,987
|
Overall gain
|
-4,717
|
Latest value of virtual investment
|
Rs. 95,473
|
Business News:
The government's decision to ban Rs 500 and Rs 1000 notes may temporarily slow down the broader economy's growth as consumer spending will fall in the intermediate weeks as households adjust to the new system.
India's economy grew 7% during April to June, the slowest in 15 months but the government and the experts have been pointing out that a pickup was likely in the next few months riding on good rains, a pay bonus for government employees and festive season buying.
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