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One Month On, The Biggest Losers of Demonetisation
Dec 8, 2016

A month has gone by since the government's demonetisation announcement. Not surprisingly, sectors whose revenues have been hit the hardest by demonetisation have seen the biggest declines in their stock prices. Today's chart of the day illustrates the various BSE sectoral indices that have been hit the hardest over the last month.

The worst affected has been real estate. It's no hidden secret that the conduct of business in this industry here in India has for long had one of the highest proportion of black money involved. Its index is down a huge 13%. Perhaps, also a reflection of how real estate prices will move in the months to come.

Consumer durables too have been decimated. Straddling the sweet spot between big ticket purchases and small, the Indian junta may have been used to conveniently using cash to make purchases here. Short term demand may be hit. The auto, consumer discretionary and industrial sectors are not too far behind either.

Data Source:BSE

This Chart Of The Day was published in The 5 Minute WrapUp - Demonetisation: How Black Money Has Become White

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