Mumbai, Oct 11 :

Share markets on Thursday in India continued on a downward spiral, signalling once again the business sentiment in not that good.

A sharp plunge in domestic stocks on Thursday morning wiped off Rs 4 lakh crore of investor wealth within five minutes.

Sensex and Nifty — the benchmark indices of the Indian stock market — were in for a negative start, plunging nearly 3% each to their six-month lows, tracking negative cues from the global markets.

The Sensex plunged over a 1,000 points in opening trade, while the NSE Nifty tanked over 300 points, trading below the 10,200-level.

SGX Nifty futures were trading over 250 points lower on the Singapore Exchange during early morning deals in today.

IT major Tata Consultancy Services will be the first Nifty bluechip company to announce its corporate results for the second quarter ended September, 2018 today.

Airline stocks to remain in focus today after the government on Wednesday cut excise duty on jet fuel or ATF to 11% from current 14% in a bid to give relief to the aviation industry that has been hit hard by high fuel prices.

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