After severe cuts in early trade, the market has recovered a bit. The Sensex is down 696.21 points or 2.5 percent at 26894.93, and the Nifty down 229.85 points or 27 percent at 8313.70.
Pressure on global markets will have a spillover effect on Indian equities.
Rupee: The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by property mogul Donald Trump.
The government has decided to replace the existing set of Rs 500 currency notes and completely abolish the Rs 1000 denomination. PM Modi announced that the RBI will introduce Rs 2,000 as a new denomination in India. (BS)
With demonetisation of Rs 500 and Rs1 ,000 currency notes, the government has directed Income-Tax Department to coordinate with all banks and furnish details of individuals who exchange cash amount of Rs 0.2mn and above.
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Pressure on global markets will have a spillover effect on Indian equities.
Rupee: The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by property mogul Donald Trump.
The government has decided to replace the existing set of Rs 500 currency notes and completely abolish the Rs 1000 denomination. PM Modi announced that the RBI will introduce Rs 2,000 as a new denomination in India. (BS)
With demonetisation of Rs 500 and Rs1 ,000 currency notes, the government has directed Income-Tax Department to coordinate with all banks and furnish details of individuals who exchange cash amount of Rs 0.2mn and above.
GET DAILY MARKET NEWS
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