For the first time in two and a half years, deposit growth in Indian banks has exceeded credit growth.

The Indian share market closed lower for the second day in a row on Friday as a decline in realty and energy stocks.

Indian markets snapped a two-day winning streak on Thursday, with benchmarks giving up earlier gains amid broad-based selling.

The first effect of Donald Trump's victory was seen in Iran when its currency, the rial, fell on Wednesday to an all-time low.

Bullish momentum took over Dalal Street on Wednesday as markets priced in a potential Trump victory, lifting both Nifty,Sensex by over a percent.

India's manufacturing sector rebounded in October, showing significant growth after a three-month period of slowing momentum.