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Indian stock market records sharp fall on Tuesday

Indian stock market records sharp fall on Tuesday

| | 15 Nov 2016, 04:40 pm
Mumbai, Nov 15 (IBNS): The Indian benchmark indices slumped at the close of business on Tuesday as selling pressure continued into the afternoon trade, with BSE Sensex down 514.19 points at 26304.63 and NSE Nifty down 187.85 points at 8108.45.

Some of the key gainers on Tuesday were SBI, TCS, Dr Reddy's Labs, Wipro and HUL while Tata Motors, Tata Steel, Asian Paints, Maruti and HDFC were among the losers.

Worries about capital outflows as US bond yields surged and the dollar strengthened was partly responsible for the downbeat sentiment, media reported.

Even after a week, despite the Central government's assurances and measures to combat the 'rush for cash' following the demonetisation of currency notes of rupees 500 and 1000, on the ground reports say that people are seen standing in long queues in front of banks and ATMs across the country.

 

 

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