Sensex, Nifty Fall As 500 and 1000 Notes Get Scrapped

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Sensex, Nifty Fall As 500 and 1000 Notes Get
Scrapped
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Indian Shares Recover Indian shares recovered
some of their opening losses after Clinton
overtook Trump after winning California. The
Sensex recovered 3.5 percent from the days low,
but was still down 2.8 percent at 26,857. The
50-share Nifty is down 2.7 percent to 8,300,
after falling as much as 6.3 percent in opening
trade. Also Read Live Rs 500, Rs 1,000 Notes
Scrapped, Rs 2,000 Note Introduced
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Opening Bell The SP BSE Sensex declined 6.1
percent to 25,902 while the NSE Nifty lost 6.3
percent to 8,002. The market breadth was abysmal
at 1,448 declines, 69 advances and 325 stocks
remaining unchanged. Shares are tumbling across
Asia, with the Nikkei 225 index in Tokyo down 4.4
percent at 16,410.55, as Trump seemed to be
leading.
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The dollar has plunged against the yen, dropping
to 101.99 yen from 105.46 yen earlier in the
session. The Mexican peso has also fallen 10.7
percent to 20.32 pesos to the dollar. Pre-Market
Update The SP BSE Sensex dropped 4.8 percent to
26251 while the Nifty slumped 5.5 percent to
8,067.
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Rupee fell 23 paise against US dollar to 66.85 in
early trade on Wednesday after the crackdown on
black money. Sensex crashed 1,340 points, while
Nifty plunged 476 points in pre-open session, as
the governments move to abolish
high-denomination banknotes are seen hurting
shares of property developers, jewellery makers,
reported BloombergQuint.
Stock Market daily Updates
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