Sensex Drops Over 200 Points, Nifty Struggles Near 10,920

INSUBCONTINENT EXCLUSIVE:
Yes Bank, Tech Mahindra, Cipla, Dr Reddy's and ONGC led the pack of Nifty gainers.Domestic stock markets started Wednesday's session on
At 9:22 am, the SP BSE Sensex declined 158.54 points, or 0.43 per cent, to trade at 36,367.60
The Indian rupee on Wednesday crashed below the 73 mark against the dollar for the first time ever on strong demand for the American
currency
Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a
collision course with the European Union.Induslnd Bank (-1.35%), Asian Paints (-1.45%), Larsen Tourbo (-1.46%), ICICI Bank (-1.51%),
Services) will be taken over by the government as debt defaults by the infrastructure group have led to fears of contagion in the markets
and a liquidity crisis.The new board, which includes banker Uday Kotak as non-executive chairman, will meet before October 8 and submit a
roadmap before the next hearing of the tribunal on October 31.In global commodities market, oil prices dipped on Wednesday, weighed down by
a report of rising US crude inventories and an expected increase in production
Brent and WTI (West Texas Intermediate) earlier this week both reached levels last seen in November 2014, and the two contracts have risen
by around 20 and 17 per cent respectively since mid-August.Meanwhile, domestic stock markets were closed on Tuesday on account of Gandhi
Jayanti