How black money crackdown can hurt your investment; 5 factors that drove market rally; What will Trump do to oil

ET Markets Daily Brief | Thu, Nov 10, 2016 | 05:11 PM IST Follow ET Markets

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How Modi govt crackdown on black money may hurt you in stock market It is a positive move for the economy and the financial markets. The move clearly suggests that the government wants to curb the illegal money in circulation. After Wednesday meltdown, here are the 5 factors fuelled rally in Sensex The Nifty50 reclaimed its crucial psychological level of 8,550 supported by gains in realty, power, metals, consumer durables, banking and autos stocks. BLOG: Look what happened in your market all through Thursday Turnaround is the operative word for the day! And add to that the projection from a survey of Dalal Street fund managers, who expect the market to rise 5 per cent in three months. Markets are going through interesting times.

Interview One to One The fundamental story of India is becoming even better and investors would like to buy every dip.... Nilesh Shah, MD, Kotak Mahindra AMC

Advertorial How about some investment tips, market cues and technical chart reading with your morning Cuppa? Subscribe to a free BREAKFAST BRIEFING from ETMarkets before you hit Dalal Street.

Market Watch 10 Nov | 05:11PM| SENSEX NIFTY USD/INR GOLD 27517.68 ↑265.15 8525.75 ↑93.75 66.62 ↑0.19 30049.00 ↑172.00

Gainers Losers 10 Nov, 2016, 05:11PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Arrow Greentech Ltd. 499.85 20.00 17790 499.85 408.20 Pioneer Distilleries Ltd. 210.35 19.99 11792 210.35 177.30 Dolphin Offshore Enterprises (India) Ltd. 103.60 19.98 121261 103.60 88.95

Tweet of the day... Demonetisation creates havoc; people rush to jewellers to convert cash into gold

FROM THE NEWSPAPER

CLSA says Trump win big relief for pharma, demonetisation to hit HFCs CLSA said Trump's win is perceived to be a relief for domestic pharma companies, because his policies towards generics are not yet known. What to watch in oil when Donald Trump moves into the White House The president-elect had said he might stop buying oil from Saudi Arabia and other Arab countries unless they committed ground troops to combat Islamic State. Demonetisation lifts bank stocks, PSU banks soar to fresh 52-week highs Nifty PSU Bank index surged as much as 9.5 per cent on Thursday and hit a fresh 52-week high of 3,437.25 against the previous close of 3,137.90. Sun Pharma reports 90% jump in Q2 net profit; revenue up 21% The company said its revenue for the quarter jumped 20.90 per cent year on year to Rs 8,265 crore from Rs 6,837 crore in the same quarter last year. Real estate sector to feel more pain after Modi's crackdown on black money Since black money played a role in real estate transactions, this crackdown is very likely to hurt the market, which is already reeling under high inventory.

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