India shares fall nearly 1% after Moody cuts outlook
Nov 8 (Reuters) – 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 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.
while the BSE index rose 0.39% and NSE index out a gain of 0.15%,
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. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Amy Caren Daniel)