INSUBCONTINENT EXCLUSIVE:
Sensex and Nifty tracked Asian stocks as they slumped to nine-month lows.Domestic stock market indices closed Thursday's session on lower
The SP BSE Sensex tanked 179.47 points, or 0.51 per cent, to close at 35,037.64
Domestic equity indices plunged today as escalating trade war concerns continued to pressure global stocks
The drop came ahead of the expiry of derivatives contracts
Top laggards on the BSE index were Tata Motors, ICICI Bank, Reliance Industries, Yes Bank, Bajaj Auto and Coal India, ending with losses
Worries over mounting global trade war fears kept markets across Asia jittery with the MSCI's broadest index of Asia-Pacific shares outside
Japan trading 0.7 per cent lower
The Indian rupee for the first time breached the 69 per dollar mark, tracking Asian peers hurt by weakening macro-economic
fundamentals.State-run lenders continued to be under heavy selling pressure as the Nifty PSU Bank index lost 1.92 per cent, thus closing in
the red for the fourth straight session.Indian Bank dropped as much as 4.3 per cent after it withdrew dividend payment plan of Rs 6 per
share.Lakshmi Vilas Bank Ltd hit a three-week low following a report that the market regulator was seeking answers from the private lender
for concealment of a dispute with Religare Finvest, a unit of Religare Enterprises Ltd.Meanwhile, Varroc Engineering IPO which opened on
Tuesday was subscribed 3.32 times by 4:01 pm on Thursday, the third day of the IPO, data from the National Stock Exchange (NSE) showed
Total bids received stood at 4,56,34,215 out of the total issue size of 1,41,85,212
