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Wednesday, November 2, 2016

Market extends losses; Sensex tanks 300 pts, SBI & ONGC fall 3%



M&M, NTPC, HUL and Asian Paints are gainers while SBI and ONGC are down 3 percent. GAIL, Tata Motors and BHEL are losers in the Sensex.


Dragged by global worries, Indian market has further extended losses. Most Asian markets fell more than 1 percent after Wall Street's "fear index" spiked on jitters over the US presidential elections. Japan's Nikkei 225 dropped 1.96 percent, likely due to the stronger yen, which is seen as a safe haven currency.


The Federal Reserve will end its two-day meeting today and is unlikely to hike rates.





More will update soon!!