Indian stock markets closed today with a downward trend due to rating agency Moody’s downgrading India’s credit rating scenario. At the end of trading, the Sensex falls by 330.13 points, or 0.81 per cent, to 40,323.61 and the Nifty falls by 104.55 points, or 0.87 per cent, to 11,907.50. Smallcap and midcap stocks are seen in today’s business. The BSE smallcap index closed down 0.53 percent and the midcap index fell 0.79 percent. Bank shares saw an increase. The Bank Nifty index has closed up 112 points at 30755. Today, IT, metal, auto index saw a decline. Nifty’s IT index 1.55 percent, Metal index 1.78 percent, Auto index 0. It has closed 85 percent. Traders said that despite the positive trend in the global market and continued investment of foreign capital, the domestic stock market saw a downward trend after Moody’s reduced India’s credit rating scenario. The agency downgraded India’s rating scenario from stable to negative, saying there was an increased risk that the rate of economic growth would be lower than before.
Sensex Dropped By 330 Points
