Abstract
Demonetization is the act of divesting a currency unit of its status as legal tender, & to handle black money in the economy by lowering the cash circulation in the country which is directly concerned with the corruption. It directly or indirectly influences the various sectors. The result of draining the extensive capital from the market obviously affects various sectors, which are driven by the black economy like real estate, construction, etc. But this new policy of Government has left an impact on those sectors which are majorly driven by cash because they are the first that are affected when so much money is suddenly removed from circulation. This research paper is trying to analyze the impact of demonetization over the Shares of Banking Industry in Indian Stock market (NSE). The result is being observed from the comparison of both pre and post-event of demonetization and found that there is a significant difference in some shares while there is no significant impact of demonetiza