PSU banks drag indices, Sensex down over 800 points; Nifty falls 2%

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Indian Indices:   
                                         There has been a smart recovery in the market from its low points, with the Sensex trading over 450 points lower. The Nifty is back above 10,300-mark.

State Bank of India, Tata Steel, and Indiabulls Housing were the top losers, while Yes Bank, ONGC and HPCL have gained the most.

The Sensex is down 476.24 points or 1.37% at 34284.65, while the Nifty is lower by 141.30 points or 1.35% at 10318.80. The market breadth is negative as 765 shares advanced, against a decline of 1,535 shares, while 1109 shares were unchanged.

Global Market:

Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 3.89% while the Hang Seng is down 3.86%. The Shanghai Composite is not trading.

Dow futures imply a more than 330-point loss at Thursday's open, as stock market rout continues.

European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 2.21% while France's CAC 40 is off 2.11% and London's FTSE 100 is lower by 1.27%.

Major Headlines of the day:

IL&FS will be new audit watchdog NFRA's first test case
Indian rupee hits fresh record low on opening

Trend in FII flows:-  The FIIs were Net Value of Rs -1096.05 cash segment while the DIIs were Net Value of  1892.94 per the provisional figures.

Securities in Ban For Trade Date 11-OCTOBER-2018
1. IDBI

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