The BSE Sensex was down 500 points and the Nifty 50 plunged below the 10,400 level ahead of the final assembly election results from five states. Benchmark indices BSE Sensex and NSE’s Nifty 50 slumped 2% in the previous session after exit polls released after market hours on Friday projected the BJP losing power in Rajasthan and facing a tight finish in Madhya Pradesh and Chhattisgarh—
Gold Silver Reports (GSR)— This prompted FIIs to buy nearly $1.26 billion in domestic debt over the last nine trading sessions (between 24 October and 5 November). So far this year, FIIs have offloaded $7.76 billion in domestic bonds.
Eleven state-run banks under the Reserve Bank of India’s (RBI) prompt corrective action (PCA) framework recorded higher interest income but lower asset quality, a Mint analysis showed, even as differences between the government and central bank over the framework have burst out into the open.
As per a senior SBI official, the average cash withdrawal from ATMs per card is less than Rs 20,000 and the move will help in checking frauds and promote digital transaction. About a month ago, the State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.
The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.
The ₹100 note is the most counterfeited Indian currency, with its popularity among forgers having surged since the government invalidated high-value banknotes about two years ago to curb the menace of fake notes and unaccounted wealth.
Gold Silver Reports (GSR) — The Reserve Bank of India (RBI) Held 566.23 tonne of gold as on 30 June 2018, compared with 557.77 tonne as on 30 June 2017, according to RBI’s latest annual report for 2017-18.