Sensex down 330.13 pts

Sensex down 330.13 pts

Agency News

Mumbai, Nov 8: The benchmark index of Bombay Stock Exchagne (BSE) on Friday after Moody's Investors Services expressed concern on economic slowdown and downgraded India's sovereign outlook from 'stable' to 'negative'.

The National Stock Exchange (NSE) too declined by 103.90 points to 11,908.15.

The Nifty registered days high and low at 12,034.15 and 11,888.75 points respectively.
With yesterday's new high, the Sensex fell by 23 points to 40,630.56 in early trade. It lost further 390 points to 40,263.94, day's low before closing at 40,323.61, sliding by 330.13 points from its last close.

The Nifty recorded day high and low at 12,034.15 and 11,888.75 points respectively. The sectoral indices like materials, consumer goods, energy, FMCG,health care, FMCG and IT dragged the market.

In scrips, Sun Pharma, VEDL, ONGC and TCS drifted lower during the day.
The S&P BSE Mid-Cap index fell 0.79 pc while the S&P BSE Small-Cap index declined 0.53 pc.

The market breadth was negative. On the BSE, 1045 shares rose and 1475 shares fell. A total of 177 shares were unchanged.

European stocks declined while most Asian markets ended lower amid uncertainty about the fate of the trade negotiations between the United States and China. Worries the pact could fall apart are now prompting some investors to sell heading into the weekend. (UNI)