Mumbai: BSE Sensex dropped over 100 points and the NSE Nifty slipped below the 12,000 marks on Friday after Moody’s Investors Service lowered India’s credit rating outlook.
As per reports, citing concerns over the country’s economic growth the investor’s lowered the credit ranking.
As per reports, the rupee also depreciated 30 paise against the US dollar to trade at 71.27 in early session. The 30-share index was trading 102.30 points, or 0.25 per cent, lower at 40,551.44.
Similarly, the broader NSE Nifty slipped 28.25 points, or 0.24 per cent, to 11,983.80.
Top losers in the Sensex pack included Sun Pharma, HUL, Bharti Airtel, NTPC, PowerGrid and RIL, shedding up to 1.69 per cent.