Nifty below 8100, Sensex crashes 1600pts, Money Maker Research

India currency Wednesday market moves keeping down Sensex 696.21 points or 2.5 percent at 26,894.93, and the Nifty also down 229.85 points or 27 percent at 8,313.70.

The advancing shares are in nos 144, and declining are 1929, and 52 shares are unaffected.  Global market is observed to be under Pressure and have a spillover effect on Indian equities, in view of US battle.

US polls and black money are likely to benefit with higher Current & Saving Account growth and PSU banks may gain.

The move on currency notes will have temporary hurting impact on businesses in the short term, but this a is a good move which will enhance India’s standing ultimately. Jewellery, Real-estate, liquor stocks & tobacco and casino may get fall sharply. 

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