Key benchmark indices edged lower, in what was a highly volatile trading session after global credit rating agency Standard and Poor's (S&P) today, warned that it may lower India's rating to speculative grade from investment grade next year if the government that takes office after the general election fails to provide a credible plan to reverse the country's low economic growth. It affirmed its 'BBB-/A-3' sovereign credit rating on India while retaining negative rating outlook on Asia's third-largest economy.
The S&P BSE Sensex, provisionally settled below the psychological 21,000 mark, while Nifty closed at 6187, after hitting day’s high of 6289, down by 28 points. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stood at 18 advances to 32 declines.
The S&P BSE Sensex, provisionally settled below the psychological 21,000 mark, while Nifty closed at 6187, after hitting day’s high of 6289, down by 28 points. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stood at 18 advances to 32 declines.
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