Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Sensex Tanks 330 Points as Moody's Cuts India Credit Rating Outlook

Despite trading on a weak note though the day, the 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33. It, however, pared all gains to end 330.13 points, or 0.81 per cent lower at 40,323.61.

PTI

Updated:November 8, 2019, 4:01 PM IST
facebookTwitter Pocket whatsapp
Bombay Stock Exchange
Representational Image.

Mumbai: Equity benchmark BSE Sensex tumbled 330 points on Friday, tracking losses in IT, FMCG, metal and energy stocks after Moody's cut India's credit rating outlook citing growth concerns.

Despite trading on a weak note though the day, the 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33. It, however, pared all gains to end 330.13 points, or 0.81 per cent lower at 40,323.61.

Similarly, the broader NSE Nifty plunged 103.90 points, or 0.86 per cent, to end at 11,908.15.

Top losers in the Sensex pack included Sun Pharma, Vedanta, ONGC, TCS, HUL, ITC, NTPC, Asian Paints and Infosys, shedding up to 4.23 per cent.

On the other hand, Yes Bank, IndusInd Bank, ICICI Bank, Kotak Bank, Tech Mahindra and HCL Tech rose up to 3.76 per cent.

Moody's Investors Service cut country's credit rating outlook to negative -- the first step towards a downgrade, saying the government has been partly ineffective in addressing economic weakness, leading to rising risks that growth will remain lower.

Following the news, domestic equities turned volatile and retreated from record peaks.

The Indian rupee also depreciated 33 paise to 71.30 against the US dollar intra-day.

Bourses in Shanghai, Hong Kong and Seoul settled on a negative note, while Tokyo ended in the green.

Exchanges in Europe too were trading lower in their respective early deals.

Brent crude futures, the global oil benchmark, fell 1.24 per cent to USD 61.53 per barrel.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Bharti Airtel 409.20 4.11
Glenmark 365.55 21.45
SBI 325.10 0.99
Yes Bank 65.85 -4.15
ICICI Bank 498.35 -0.30
Company Price Change %Gain
Maruti Suzuki 7,099.60 -0.66
Yes Bank 65.90 -4.08
TCS 2,151.75 -1.06
Bharti Airtel 409.15 4.06
SBI 325.20 0.99
Top Gainers
Company Price Change %Gain
Bharti Airtel 409.20 4.11
Tata Steel 410.05 3.94
UPL 549.00 3.53
Hindalco 193.60 3.12
BPCL 521.75 3.00
Company Price Change %Gain
Bharti Airtel 409.15 4.06
Tata Steel 410.20 4.01
Sun Pharma 424.35 2.28
Power Grid Corp 190.65 1.79
IndusInd Bank 1,374.80 1.13
Top Losers
Company Price Change %Gain
Yes Bank 65.85 -4.15
Bajaj Auto 3,156.90 -1.82
Britannia 3,140.90 -1.71
M&M 573.70 -1.60
Hero Motocorp 2,502.90 -1.58
Company Price Change %Gain
Yes Bank 65.90 -4.08
Bajaj Auto 3,157.40 -1.69
M&M 573.15 -1.61
Hero Motocorp 2,501.90 -1.61
Asian Paints 1,738.80 -1.30

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results