The government’s decision to pull back Rs 500 and Rs 1000 notes trying to control dark cash is hitting the market.
The Sensex is down 1584.19 points or 5.7 percent at 26006.95, and the Nifty down 474.00 points or 5.6 percent at 8069.55.
See Effect on Stocks and Price http://bit.ly/2dCQHGL
About 35 shares have progressed, 1218 shares declined, and 18 shares are unchanged.
ICICI Bank, BHEL, Adani Ports, Tata Motors and Maruti Suzuki are losers.
The Indian rupee slipped in the early exchange on Wednesday. It has opened lower by 18 paise at 66.80 for each dollar versus past close 66.62.
Taro Pharma Q2 profit down 7% to $124 m, US biz lifts revenue 8%
Lupin Q2 profit seen up 80%, Gavis may support revenue growth
Lupin | L&T | InterGlobe Aviation | HEG | Apar Industries | UFO Moviez | Centrum Capital | PTC India Financial | MRPL | VA Tech Wabag | Tata Communications | Jyoti Structures | Dilip Buildcon | Biocon | Power Mech Projects | GeeCee Ventures and Atlanta are stocks, which are in the news today.