Will the cash squeeze end bull run in stocks? Demonetisation wipes out Rs 10 lakh cr in equity wealth; Rupee headed for 70 to USD

ET Markets Daily Brief | Tue, Nov 22, 2016 | 04:20 PM IST Follow ET Markets

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Smallcaps, midcaps in for rough ride, cash squeeze to end bull run in stocks: Shankar Sharma The consumption-related theme, which was considered a better bet before the note ban decision, could come under some pressure in the near term, said Sharma. FPI outflows exceed Rs 10K cr in Nov; 10 FII darlings lose up to 1/3rd of stock values Outflow of FPIs has already topped Rs 10,700 crore so far this month, which is the worst ever, data available with depository NSDL since 2002 showed. Rupee could be headed for 70 per USD: Look what's weighing on local currency RBI is suspected to have intervened heavily to curb the rupee's sharp slide over the past 7 days when overseas investors sold local shares, leading to strong outflows.

Interview One to One The hit to GDP growth is going to be about 40 bps. We are probably going to be in a situation where FY17 growth is no... Aditi Nayar , ICRA

Advertorial Webinar: Demonetisation and Trump impact: Market full of opportunity after big correction Join Sunil Subramaniam, CEO, Sundaram Mutual Fund, at 4 pm on 22nd Nov as he shares market outlook and the investment strategies one can use now

Market Watch 22 Nov | 04:20PM| SENSEX NIFTY USD/INR GOLD 25960.78 ↑195.64 8002.30 ↑73.20 68.18 ↑0.01 29190.00 ↑55.00

Gainers Losers 22 Nov, 2016, 04:20PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low TPL Plastech Ltd. 351.60 20.00 29787 351.60 309.20 Tantia Constructions Ltd. 16.30 19.85 30002 16.30 15.30 Sabrimala Leasing and Holdings Ltd. 18.54 19.69 40 18.54 18.54

Tweet of the day... We will wait for stabilisation before investing in EMs including India

FROM THE NEWSPAPER

BLOG: Look who moved the market all through the day Five stocks brokerages want you to sell now Most analysts were factoring in a rebound in corporate earnings from December quarter. However, this may now get delayed by a quarter or two, experts say. Domestic stocks see sharpest drop in inflow from UK investors since Brexit The BSE Sensex is down just over 4.5 per cent since the outcome of the Brexit vote. The UK's FTSE100 index has jumped 7 per cent during this period. Demonetisation wipes out Rs 10 lakh crore of equity wealth: Look which stocks fell the most A surge in US bond yields and spike in the dollar following the surprise win of Donald Trump in the US presidential election also dampened market sentiment. Crude oil may surge to $50 if Opec clinches deal, or slip to $40 if it fails If the deal goes through, we can see oil prices back at $50 again but in case there is no outcome, we may oil prices head lower towards $40.

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