Indian shares plunge 2 pct to 6-month lows amid global meltdown

October 12, 2018 / / Article Link

* NSE, BSE indexes end about 2.2 pct lower

* Sharp sell-off across the globe

* HPCL rises over 16 pct

Oct 11 (Reuters) - Indian shares plunged more than 2 pct on Thursday, at their lowest closing levels since April, mirroring the markets rout across the globe amid rising trade concerns and expectation of rate hikes in the United States.

The benchmark BSE index .BSESN closed down 2.19 percent at 34,001.15. The broader NSE index .NSEI ended 2.16 percent lower at 10,234.65.

Shares of oil and gas companies were among the nine stocks that withstood the selloff, after a finance ministry source's comments on subsidies. Hindustan Petroleum Corp Ltd HPCL.NS was the top percentage gainer at 16.2 percent. midday report, click