• A man looks at newspapers with cover stories on withdrawal of Indian 500 and 1,000 rupee notes from circulation, on a pavement in Srinagar November 9, 2016.Reuters
  • A man puts a notice inside his eatery stall in Mumbai, India, November 9, 2016.Reuters
  • A notice board is seen outside an ICICI Bank ATM kiosk in Mumbai, India, November 9, 2016.Reuters
  • A security guard speaks to customers after a cash deposit machine stopped working at a bank in Mumbai, India, November 8, 2016.Reuters
  • A customer deposits 1000 and 500 Indian rupee banknotes in a cash deposit machine at bank in Mumbai, India, November 8, 2016.Reuters

A day before, people across the entire world, including many Indians, were keen on watching the US presidential contest between Republic nominee Donald Trump and his rival Hillary Clinton. However, Prime Minister Narendra Modi stole the thunder on Tuesday with his surprise announcement to ban Rs 500 and Rs 1,000 currency notes.

Here are some pictures of how people and shop owners reacted to the development that is being described as "surgical strike" on black money by the BJP-led NDA government.

The stock markets that were hit by a double whammy — ban on high-denomination currencies and possible victory of Republic candidate Donald Trump (which he finally did) — opened with huge losses in early trade but rebounded later to end in the red

Top Sensex losers were TCS, Maruti Suzuki, Hero Motocorp and Mahindra.

Real estate stocks took a severe beating because of the peculiar nature the sector operates in India. The perception that the sector is used to deploy cash will subside over a period of time, which augurs well for real estate companies, according to real estate consultant JLL India. 

Apart from analysts, there was no dearth of comments by people who registered their presence on Twitter with their posts and these included celebs

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