AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 127.01 Decreased By ▼ -0.03 (-0.02%)
BOP 6.63 Decreased By ▼ -0.04 (-0.6%)
CNERGY 4.57 Increased By ▲ 0.06 (1.33%)
DCL 8.53 Decreased By ▼ -0.02 (-0.23%)
DFML 41.66 Increased By ▲ 0.22 (0.53%)
DGKC 87.15 Increased By ▲ 0.30 (0.35%)
FCCL 32.59 Increased By ▲ 0.31 (0.96%)
FFBL 65.00 Increased By ▲ 0.20 (0.31%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.25 Decreased By ▼ -0.32 (-0.29%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.53 Increased By ▲ 0.07 (0.94%)
MLCF 41.57 Increased By ▲ 0.19 (0.46%)
NBP 59.88 Decreased By ▼ -0.53 (-0.88%)
OGDC 192.70 Increased By ▲ 2.60 (1.37%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.88 Increased By ▲ 0.05 (0.64%)
PPL 151.25 Increased By ▲ 1.19 (0.79%)
PRL 27.18 Increased By ▲ 0.30 (1.12%)
PTC 16.05 Decreased By ▼ -0.02 (-0.12%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.74 Increased By ▲ 0.03 (0.39%)
TOMCL 35.55 Increased By ▲ 0.14 (0.4%)
TPLP 8.18 Increased By ▲ 0.06 (0.74%)
TREET 16.38 Decreased By ▼ -0.03 (-0.18%)
TRG 53.81 Increased By ▲ 0.52 (0.98%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.29 Increased By ▲ 0.03 (2.38%)
BR100 9,989 Increased By 105.7 (1.07%)
BR30 31,179 Increased By 579.5 (1.89%)
KSE100 94,181 Increased By 825.8 (0.88%)
KSE30 29,182 Increased By 251 (0.87%)
Markets Print 2019-11-09

India shares fall after Moody's cuts outlook

Indian shares closed down nearly 1% 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.
Published November 9, 2019 Updated November 11, 2019

Indian shares closed down nearly 1% 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 ratings agency lowered India's ratings outlook to "negative" from "stable" on Thursday, citing increasing risks that growth in Asia's third-largest economy will remain lower than in the past.

The firm also cut its ratings outlook for a clutch of companies to "negative", including HDFC Bank Ltd, State Bank of India, Indian Oil Corporation Ltd and Infosys Ltd.

The NSE Nifty 50 index closed down 0.86% at 11,908.15, while the benchmark BSE index finished 0.84% lower at 40,311.21.

For the week, the NSE index eked out a gain of 0.15%, while the BSE index rose 0.39%.

The realty index was the top gainer with a 1.66% rise, while the heavy-weight public sector index fell 2.16%.

Yes Bank closed up 3.76% and was the top gainer on the NSE index, while Bharti Infratel Ltd was the top loser, posting a 4.9% drop.

Copyright Reuters, 2019

Comments

Comments are closed.