Market Watch

The Nifty fell more than 2 percent on Tuesday as market heavyweight Tata Motors slumped after posting weaker-than-expected earnings, and lenders such as ICICI Bank and HDFC Bank declined.

 

The index closed down 2.26 percent at 8,108.45, and ended below the 200-day moving average, typically a bearish technical signal for the near-term. The benchmark Sensex ended 1.92 percent lower at 26,304.63.

 

While Tata Motors was one of the main decliners, ending down 9.84 percent, ICICI Bank and HDFC Bank dropped 2.4 percent an

After Government’s decision to scrap Rs 500 and Rs 1000 notes, Reserve Bank of India on Wednesday said that all Banks will remain open on upcoming Saturday and Sunday, i.e. November 11 and November 12. It was speculated that two-day off at banks, followed by a second Saturday, Sunday and Guru Nanak Jayanti will affect the process of exchange of old currency notes badly. 

 

 

However, Reserve Bank of India issued a stateme

In wake of decision to ban Rs. 500 and Rs. 1000 bank notes, Government has suspended the payment of Toll Taxes across all National Highways to ensure smooth passage of traffic. Union Minister of Road Transport & Highways Nitin Gadkari said that toll taxes have been suspended across all National Highways till midnight of November 11.

 

 

“It has been decided to suspend Toll across all National Highway

Indian shares fell more than 1 percent on Wednesday, cutting losses of over 6 percent intraday, as investors saw a move to withdraw from circulation higher-denomination banknotes as positive for the economy and leading to easing inflation.

 

 

The recovery offset an initial bout of uncertainty about the banking measures and early trends indicating Republican candidate Donald Trump winning the U.S. presidential race.

Indian shares closed more than 1 percent lower on Wednesday, as signs that the U.S. presidential race was tightening rattled global investor sentiment, sending Asian shares to seven-week lows and weakening the dollar.

 

The Sensex ended 1.25 percent lower at 27,527.22.

 

The broader Nifty was down 1.3 percent at 8,514, its lowest close in over three months.

 

ONGC was the top Sensex loser, skidding 4.10 per cent to close at Rs 277.35, followed by Tata Motors, which fell 3.19 per cen