Mumbai: The sudden move by Prime Minister Narendra Modi to ban 500 and 1000 Indian Rupee notes saw the Sensex nosedive 1000 points on Wednesday, reports said.
The Sensex also recorded an all time low on daily percentage loss since August 2015.
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Experts have also said that the cause was also aided by Donald Trump’s lead in the US Presidential Polls.
In his 40-minute speech on Tuesday evening, PM Modi had justified his decision saying it would curb black money.
IBNS
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