Shares fall nearly 1% after Moody's cuts outlook to negative
5 years, 2 months ago

Shares fall nearly 1% after Moody's cuts outlook to negative

India Today  

Shares closed down nearly 1 per cent on Friday after Moody's Investors Service flagged domestic growth risks and cut its ratings outlook for the country, as well as some corporate companies and financial institutions. The NSE Nifty 50 index.NSEI closed down 0.86 per cent at 11,908.15, while the benchmark BSE index.BSESN finished 0.84 per cent lower at 40,311.21. The realty index.NIFTYREAL was the top gainer with a 1.66 per cent rise, while the heavy-weight public sector index.NIFTYPSE fell 2.16 per cent. Yes Bank closed up 3.76 per cent and was the top gainer on the NSE index, while Bharti Infratel Ltd was the top loser, posting a 4.9 per cent drop.

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