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NBFCs shares tumble

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Key indices continued to trade near day's low in morning trade. At 10:33 IST, the barometer index, the S&P Sensex, was down 819.72 points or 2.36% at 33,941.17. The index was down 268.05 points or 2.56% at 10,192.05. Selling was triggered by dismal global cues.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 74.405, compared with its close of 74.21 during the previous trading session. Rupee hit a low of 74.50 in early deals today.

Among secondary barometers, the Mid-Cap index was down 2.31%. The Small-Cap index was down 2.07%.

The market breadth, indicating the overall health of the market, was quite weak. On BSE, 421 shares rose and 1606 shares fell. A total of 86 shares were unchanged.

tumbled. (down 6.29%), (down 5.44%), (down 4.6%), (down 4.15%), Vedanta (down 4.01%), (down 3.59%), NMDC (down 2.96%), (down 2.1%), (down 2.05%) and (down 1.57%), edged lower.

Shares of companies (NBFCs) slumped. (down 7.78%), (down 5.79%), (down 5.17%), (down 5.12%), Financial Services (down 4.53%), (down 4.49%), Capital Services (down 4.35%), (down 4.15%), (down 3.94%), (down 3.68%), IDFC (down 2.82%), Finance (down 1.07%) and (down 0.81%), edged lower. Edelweiss Financial Services was up 2.23%.

Overseas, Asian shares slumped on Thursday after Wall Street suffered its worst drubbing in eight months.

Trading in US index futures indicated that the could slump 272 points at the opening bell today, 11 October 2018.

US stocks slumped to close sharply lower Wednesday as the sank and the had its worst day since February as went into a freefall. Investors spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The surge in bond yields made stocks look less attractive compared to bonds while also threatening to curb economic activity and profits.

reportedly knocked the for continuing to raise interest rates despite some recent market turbulence. Trump's comments on the central Wednesday came a day after he said he did not like what they were doing in terms of monetary policy.

In the latest US economic data, the producer-price index rose 0.2% in September, while the core PPI was up 0.4%. Separately, wholesale inventories in the US rose 1% in August.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 10:35 IST