{"id":1303,"date":"2019-11-10T00:06:49","date_gmt":"2019-11-10T00:06:49","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/10\/sensex-dives-330-points-as-moodys-lowers-indias-outlook-to-negative\/"},"modified":"2019-11-10T00:06:49","modified_gmt":"2019-11-10T00:06:49","slug":"sensex-dives-330-points-as-moodys-lowers-indias-outlook-to-negative","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/10\/sensex-dives-330-points-as-moodys-lowers-indias-outlook-to-negative\/","title":{"rendered":"Sensex dives 330 points as Moody&#8217;s lowers India&#8217;s outlook to &#8216;negative&#8217;"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1759220 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/sensex-2.jpg\" alt=\"Sensex,\u00a0Moodys,\u00a0BSE,\u00a0Infosys,\u00a0Nifty,\u00a0economic growth,\u00a0mutual funds,\u00a0Indian equities,\u00a0NSE,\u00a0FMCG\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/sensex-2.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1759220 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/sensex-2.jpg\" alt=\"Sensex,\u00a0Moodys,\u00a0BSE,\u00a0Infosys,\u00a0Nifty,\u00a0economic growth,\u00a0mutual funds,\u00a0Indian equities,\u00a0NSE,\u00a0FMCG\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/sensex-2.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/sensex-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The market capitalisation of the BSE stood at Rs 152.72 lakh crore.<\/span><\/figure>\n<\/div>\n<p>The surge in the benchmark indices was halted on Friday, with global ratings agency Moody\u2019s lowering India\u2019s outlook to \u2018negative\u2019 from \u2018stable\u2019, citing concerns over economic growth and increasing fiscal slippages. While the Sensex settled at 40,323.61 points, down 330.13 points (0.81%), the Nifty closed 103.90 points lower at 11,908.15 points. Investors lost Rs 1.6 lakh crore on Friday, the first such erosion in market capitalisation since October 1. The market capitalisation of the BSE stood at Rs 152.72 lakh crore.<\/p>\n<p>Defensive stocks led the decline, with TCS, ITC, HUL and Infosys contributing more than half to the Sensex fall of 330 points. The heavyweight Bank Nifty closed 116.25 points higher at 30,749.40. The rating agency believes that the government will face very significant constraints in narrowing the Budget deficit and preventing a rise in the debt burden. Moody\u2019s now expects the government deficit of 3.7% of the GDP for FY20.<\/p>\n<p><strong>WATCH VIDEO | Moody\u2019s downgrade on demonetisation anniversary: What went wrong? Explained<\/strong><\/p>\n<p><iframe class=\"lazy lazy-hidden\" data-lazy-type=\"iframe\" data-src=\"https:\/\/www.youtube.com\/embed\/lDpHYOBgauY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><noscript><iframe src=\"https:\/\/www.youtube.com\/embed\/lDpHYOBgauY\" width=\"100%\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/noscript><\/p>\n<p>FPIs bought shares worth $131 million on Friday, taking their November purchase so far to $757.6 million. Overseas investors bought Indian equities over $3 billion in September and October. On the other hand, domestic institutional investors including mutual funds sold shares worth $ 643.8 million since November 1.<\/p>\n<p>The market breadth, indicating the overall health of the market, has been tilted towards the losers for nearly two years. On Friday, 1,133 stocks declined on the NSE, compared with 684 stocks advancing, and 114 stocks remaining unchanged. On the BSE, 1,502 stocks ended in the red against 1,023 stocks closing higher. Of the 19 sectoral indices compiled by the BSE, all barring three ended the day in red with FMCG, healthcare, metal and oil &amp; gas losing 1.7% each.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-360041731\"><div id=\"jobbi-2307926916\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The market capitalisation of the BSE stood at Rs 152.72 lakh crore. The surge in the benchmark indices was halted on Friday, with global ratings agency Moody\u2019s lowering India\u2019s outlook to \u2018negative\u2019 from \u2018stable\u2019, citing concerns over economic growth and increasing fiscal slippages. While the Sensex settled at 40,323.61 points, down 330.13 points (0.81%), [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1303"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1304"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}