INSUBCONTINENT EXCLUSIVE:
Stock markets will now resume trading on Friday.Domestic stock markets are closed on Thursday on account of 'Dussehra', reported news agency
Press Trust of India (PTI)
On Wednesday, the equity indices closed in the red, dragged by financial stocks
The SP BSE Sensex plunged 382.90 points or 1.09 per cent to end at 34,779.58
The Nifty50 index of the National Stock Exchange (NSE) tanked 131.70 points or 1.24 per cent to settle at 10,453.05
The recent string of defaults by non-banking financial companies (NBFCs) on debt repayment has compounded worries
The domestic currency has depreciated by around seven per cent against the dollar and by more than four per cent on a real effective basis
in the first half of 2018, PTI reported.Meanwhile, China's benchmark stock index skidded to four-year lows and dragged Asian equities down
on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-US trade conflict sapped confidence
The dollar, however, was in fine fettle, hitting a one-week high after the minutes of the Federal Reserve's latest meeting backed market
expectations for borrowing costs to rise further.Globally, oil prices inched up on Thursday amid ongoing tensions over the death of a
prominent Saudi journalist, with prices steadying after a big drop overnight due to a jump in United States crude stockpiles.(With inputs
