Top News Of The Year 2016 Which Had Big Impact On Stocks
Donald Trump winning US presediental election 2016
American businessman, television personality Donald Trump winning the US elections, Serving as a the Republican nominee for President of the United States in the 2016 election.
Despite of Controversies such as Allegations of promoting voter intimidation, Sexual misconduct accusations and not performing well in Presidential debates on November 8, 2016 trump won the US presediental election 2016.
On this day two major events took place one is demonetization in India and republican party winning US presedential elections Sensex crashed nearly 1,689 points and Nifty plunged by over 541 points.
On January 20, 2017, Trump is expected to take office and will become 45th President of USA.
Britan exit
The United Kingdom’s withdrawn from the European Union and this event is called as brexit. The United Kingdom’s withdrawn from the European Union on 23 June 2016 after EU referendum took place and resulted in 51.9% of voters voting in favour of leaving the European Union. As the terms of withdrawal have not yet been negotiated. Until that happens the UK remains a full member of the European Union.
Because of which sensex fell more than 1000 points and nifty fell below 8000 mark on this event.
Demonetization
A bold move by Indian prime minister Narendra Modi, announcing Starting midnight of 8 Nov 2016, Rs 500 and Rs 1000 notes will no longer be legal tender. To fight black money, fake currency which holding back indian economy.
This also showed a major affect Indian stock market combined with US presediental election where elections Sensex fell nearly 1,689 points and Nifty fell by over 541 points.
Jio
On September 1 2016, Mukesh Ambani at the 42nd annual general meeting in announced the launch of Reliance Jio offering customers free domestic voice calls and zero national roaming charges. That announcement 40 minutes speech had very big impact on telecom shares. In that Reliance India Limited, Bharti Airtel, Idea Cellular and Reliance Communications have collectively lost Rs 22,522 crore of mid-cap in single day. Sensex was down marginally 0.10% at 28,423.