Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
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Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
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MARKET EYE-India's DLF recovers after steep fall
* Shares in DLF Ltd recover to rise 1 percent after falling as much as 1.6 percent in early trading. * The shares had initially slumped after DLF said late on Monday July-September net profit slumped 63 percent from a year ago, hit by slowing home sales. * DLF shares had fallen 5.2 percent over the three previous sessions. * However, analysts say the company's management indicated on a call that the second quarter was likely to be a trough and guided for an improvement in launches, continued debt reduction, and potential asset sales. (manoj.dharra@thomsonreuters.com / manoj.dharra.thomsonreuters.com@reuters.net)
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