A look at the headlines in this sector right now:

  1. US election jitters hit market; Sensex closes 349 points down while Nifty settles at 3-month low: The major losses on Wednesday were in auto, banks, realty and telecom stocks.
  2. Cyrus Mistry's ouster was 'absolutely necessary' for the company's success, says Ratan Tata: The group's chairman sent out a letter to his employees hours after the former head of Tata Sons refuted the allegations against him regarding the Docomo deal.
  3. Top banks revise lending and deposit rates: This result in loans getting cheaper and fixed deposits becoming less attractive.
  4. Mutual Funds beats LIC in stocks value for the first time: Till September, the value of mutual fund equity portfolio was Rs 4.94 lakh crore while that of the the state-run insurer was Rs 4.75 lakh crore.
  5. Mahindra & Mahindra posts 1.21% increase in total sales in October: However, there was a slight dip in the domestic market sales figure.
  6. Godrej Properties sells more than Rs 300-crore villa on launch day of 100-acre township in Greater Noida: This comes at a time when the realty market in the National Capital Region has been witnessing a slump.
  7. Resignation of former TCS chief triggers speculations: Rumours are floating that S Ramadorai could join the Tata group.