Top Headlines: Indiabulls Housing tanks 38%, FPI outflows hit 11-qtr high

Here's a look at some of the top headlines of the day

Indiabulls Housing Finance, which had proposed to merge with Lakshmi Vilas Bank, plunged up to 38 per cent on BSE on Monday, after the Delhi High Court agreed to hear public interest litigation (PIL) seeking special investigation team (SIT) probe into Indiabulls Housing Finance. This was the sharpest intra-day fall since listing as trading volumes on the counter jumped four-fold, with a combined 59 million equity shares changing hands on the NSE and BSE. Read more here

Here are some of the other important stories of the day:
 

FPIs withdraw $3 billion between July-September; highest in 11