Sensex tanks 554 points as Trump's win, Modi's surgical strike on black money rattle investors

More Details: https://www.capitalheight.com/blog/
Domestic sentiment was also hit due to uncertainty sparked by the country's move to withdraw larger banknotes from circulation.
Among BSE sectoral indices, realty index plunged the most by 13.76 per cent, consumer durables 7.08 per cent, infrastructure 4.36 per cent and auto 4.28 per cent.
The Sensex opened sharply lower at 26,251.38 points and moved further down within seconds to touch a low of 25,902.45 points — down 1,689 points from its previous close — with all 30 stocks from the benchmark index trading deep in the red.
However, buying at lower levels helped the Sensex to recover some lost ground in the afternoon trade.
The overall investors’ wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs. 6 lakh crore in early morning trade from nearly Rs. 111.44 lakh crore at the end of yesterday’s trade.
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