Thu, Jun 29, 2017 | updated 09:43 AM IST

Market experts sweat as Trump inches closer to White House

Updated: Nov 09, 2016 12:03 IST      
Market experts sweat as Trump inches closer to White House

Mumbai[India], Nov.9(ANI): As the picture in the US presidential election becomes clearer with Republican Donald Trump taking the lead over his rival Hillary Clinton, the Indian market crashed, citing US elections as the reason for the slump.

Share Market expert, Siddharth Kuwawala told ANI that markets are positive regarding the demonetization of Rs 500 and 1000 currency notes.

"Major reason for the Sensex slump is the rise of Donald Trump as the next President of United States," Share Market expert, Siddharth Kuwawala said.

Kuwawala stressed on the fact that people at share markets across the world are not certain about Trump's economic policies as he is unpredictable in nature.

A majority of polls had indicated Hillary to win the election comfortably but a likely Trump victory made global markets nervous, after traders had taken positions betting on the former.

Speaking on the demonetization of Rs 500 and 1000 currency notes, Kuwawala emphasised that Share market everyday dealing is done by Cheque and Cash transactions are almost negligible.

Wednesday morning witnessed a situation of blood bath on Dalal Street as nervous investors welcomed triggers with US elections outcome around the corner as Donald Trump leads in the US elections.

Also, the market apprehensions are on the rise as it welcomed government's decision to withdraw Rs. 500 and Rs. 1000 notes in an attempt to curb black money.

The Sensex witnessed a crash of 1584.19 points or 5.7 percent at 26006.95, while the Nifty witnessed a downfall of 474.00 points or 5.6 percent at 8069.55.

The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by property mogul Donald Trump.

The greenback plunged 3.8 percent to 101.50 yen while it lost almost two percent against the euro, which bought USD 1.1224 in Tokyo trading.(ANI)

Hyderabad (Andhra Pradesh) [India], June 29 (ANI): Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday awarded ace Indian shuttler Kidambi Srikanth Rs. 50 lakh and a 1000 square yard plot in Amaravati region.

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UP: Five dead, three injured after truck rams car in Fatehpur

Updated: Jun 29, 2017 09:23 IST     

Fatehpur (Uttar Pradesh) [India], June 29 (ANI): As many as five people were killled and three got injured after a speeding truck hit a car in Fatehpur district of Uttar Pradesh.

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Srinagar (Jammu and Kashmir) [India], June 29 (ANI): The Pakistan Army initiated unprovoked and indiscriminate firing of small arms, automatics and mortars in the wee hours of Thursday in the Poonch Sector along the Line of Control (LoC) in Jammu and Kashmir.

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Baltal (Jammu and Kashmir), June 29 (ANI): First batch of Amarnath Yatra pilgrims left from Sonamrg's Baltal camping ground and Pahalgam in Jammu and Kashmir on Thursday for this years' pilgrimage.

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New Delhi [India], June. 29 (ANI): Prime Minister Narendra Modi during his visit to Israel next week is expected to meet Moshe, survivor of 2008 Mumbai 26/11 terrorist attack.

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Mumbai: Husband stabs wife, hangs self

Updated: Jun 29, 2017 07:40 IST     

Mumbai (Maharashtra) [India], June 29 (ANI): A 46-year-old man stabbed his wife to death and then committed suicide by hanging self to a fan at his residence in a housing society in Pant Nagar, Ghatkopar.

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New Delhi [India], June 29 (ANI): After Sonia Gandhi stated that the Presidential election was a fight of "ideology, principle and truth" for the grand old party, the Bharatiya Janata Party (BJP) on Thursday remarked that the Congress national president had forgotten about her promises of supporting the Dalits after Ram Nath Kovind's name was announced as the National Democratic Alliance's (NDA) Presidential nominee.

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China's foray into tiny Bhutan threatening Himalayan peace

Updated: Jun 29, 2017 07:28 IST     

Gangtok (Sikkim) [India], June 29 (ANI): Unilateral actions to alter status quo in Doklam Plateau in tiny, helpless Bhutan has escalated tensions between China and its neighbours.

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New Delhi/ Ludhiana (Punjab) [India], June 29 (ANI): After the Samajwadi Party (SP) leader Azam Khan alleged that the Indian Army "misbehave" with the people in the Kashmir Valley, defence experts on Thursday slammed the former stating that ministers, who lack knowledge or who go by 'jingoism', make such remarks.

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New Delhi/Bengaluru [India], June 29 (ANI): Following a controversial remark by Samajwadi Party leader Azam Khan accusing the Indian Army for misbehaving with the people in the Kashmir Valley, the Bharatiya Janata Party (BJP) on Thursday wondered and questioned whether the former was serving his own party or Salahuddin, who has been recently branded as a "global terrorist."

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New Delhi/ Mumbai (Maharashtra) [India], June 29 (ANI): After Samajwadi Party leader Azam Khan accused Indian Army for misbehaving with the people in the Kashmir Valley, the Congress on Thursday slammed the former asserting that strict action should be taken so that such derogatory remarks would never be made again.

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Kolkata (West Bengal) [India], June 29 (ANI): Amidst the ongoing protests in the hills, the Trinamool Congress (TMC) on Thursday categorically stated that Darjeeling is and will remain an inseparable part of West Bengal and if the Gorkha Janmukti Morcha (GJM) has any other demand that can be discussed, then they are welcomed to come forward.

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New Delhi [India], June 29 (ANI): The Supreme Court will today continue the hearing on the plea filed by a Kolkata-based woman, Sharmishta Chakraborty, seeking its direction to terminate her 23-week old pregnancy.

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First batch of Amarnath pilgrims reach Baltal camp

Updated: Jun 28, 2017 23:31 IST     

Baltal (Jammu and Kashmir) [India] June 28 (ANI): The first batch of Amarnath pilgrims reached Baltal base camp in Jammu and Kashmir on Wednesday.

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New Delhi [India], June 28 (ANI): Union Minister Piyush Goyal on Wednesday said that he welcomes NITI Ayog's suggestion of splitting seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, however, added that no such proposal has been made.

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Lucknow [India], June. 28 (ANI): Ahead of the implementation of the Goods & Service Tax (GST) reform, the Uttar Pradesh Government is making all efforts to solve the problems faced by the trading circles for which it held a meeting with the traders on Wednesday.

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Army Chief to visit Sikkim tomorrow amid Chinese aggression

Updated: Jun 28, 2017 22:27 IST     

New Delhi [India] June 28 (ANI): Army Chief General Bipin Rawat will start his two-day northeast visit from Sikkim on Thursday.

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New Delhi [India], June 28 (ANI): The Delhi High Court on Wednesday commuted the death sentence of 31- year-old Sonu Sardar to life imprisonment.

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Trinamool to boycott GST rollout in Parliament

Updated: Jun 28, 2017 22:17 IST     

New Delhi [India] June 28 (ANI): The Trinamool Congress (TMC) party led by West Bengal Chief Minister Mamata Banerjee on Thursday announced to boycott the special sitting of Parliament on the midnight of June 30 to rollout the Goods and Services Tax (GST) where President Pranab Mukherjee will also be present along with Prime Minister Narendra Modi.

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Mandsaur (Madhya Pradesh), June 28 (ANI): One more farmer in volatile region of Mandsaur district of Madhya Pradesh on Wednesday committed suicide, taking the number of deaths in the state in past 18 days to 36.

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