Hindalco board meet on Nov 12: A meeting of the board of directors of the company, scheduled on November 12, 2016 will consider approval of raising of funds by issue of equity shares, global depository receipts/ American depository receipts/, foreign currency convertible bonds/, fully convertible debentures/partly convertible debentures/ preference shares convertible into equity Shares, and/or any other financial instruments convertible into equity shares (including warrants, or otherwise, in registered or bearer form) and/or any security convertible into equity shares.
Sunil Singhania of Reliance MF said he is optimistic on the government's move to curb the black money and feels it is good for India's financial space and further improvement in GDP.
Oil prices crack: Oil prices tumbled as vote counting showed Republican Donald Trump doing better than expected in several crucial battleground states in the US presidential election.
US West Texas Intermediate (WTI) crude futures fell to a session low of USD 43.07 per barrel, down more than 4 percent from their last close and their lowest since September, before inching back to USD 43.32 a barrel.
International Brent crude futures were down 3.2 percent at USD 44.56 a barrel.