Oct 11 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.
NEW DELHI India's Hindustan Petroleum Corp (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of the matter said.