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Monday, 9 February 2015

Latest on Indian Market

1. Sensex falls 300 points, Nifty below 8600 points - The market fell more than 1 percent in morning trade on fall in rupee post exit polls indicated that BJP may not get majority in Delhi elections. Banks, capital goods, auto and metals drag continuously like Tata steel, Reliance infra.

2. Indian Economy Asia's third largest Economy statisticians re-worked the numbers, changing both the way it calculates gross domestic product and the base year. Suddenly the economy appeared to be motoring again and rising through fog of data. 

3. The Indian rupee has breached 62 per dollar mark in early trade on Monday, down 31 paise compared to Friday's closing value of 61.69 a dollar. 

 4. Cut in the SLR rate by the RBI gives the more chances to Banks to make profit in the current session and having the more liquidity in the market.