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Wednesday, 9 November 2016

Stock Market Slumped More Than 3.5 Percent - Gold Hiked 3 Percent

US Presidential Elections and a decision by Prime Minister for removing black money has made a huge disruption among the citizens of India. Sensex has dropped 987 points at 26604 and Nifty has lost 328 points or 3.84 percent at 8215. In Broader Market, all the sectors have fallen a high amount of points. BSE Auto dropped 999 points at 21255, BSE Bankex slumped 826 points at 21507 and Bank Nifty lost 691 points at 18809.

Ultratech Cement, Ambuja Cement, BHEL, Yes Bank and Aurobindo Pharma are currently the top losers of NSE.

Asian Market Updates: Asian market also crashed today. Nikkei dropped 956 points at 16214, Hong Kong's Hang Seng has lost 663 points at 22246 and Shanghai Composite has dropped 13 points at 3134.

Gold has jumped nearly 3 percent or 949 points at 30829 and Silver hiked 862 points at 44171. There is a drop in energy sector where natural gas has dropped 4 points at 173 and Crude Oil slumped 72 points at 2937.