Key benchmark indices edged lower, in what was a highly volatile trading session after global credit rating agency Standard and Poor’s (S&P) today, 7 November 2013, warned that it may lower India’s rating to speculative grade from investment grade next year if the government that takes office after the general election fails to provide a credible plan to reverse the country’s low economic growth. The barometer index, the S&P BSE Sensex, provisionally settled below the psychological 21,000 mark, after regaining that level in early afternoon trade. The BSE Sensex closed at 20822.77 and 72.77 point down.
Who Moved and Why
- Triveni Turbine drops after poor Q2 numbers.
- Info Edge (India) spurts to record high.
- Bhel extends slide after poor Q2 outcome.
- Wockhardt jumps on UK regulator nod for Kadaiya unit.
- Sobha Developers jumps after good Q2 earnings.
- Bajaj Electricals surges on new orders win.
- Visaka Industries tumbles after reporting net loss in Q2.
- Thermax declines after weak Q2 outcome.
- Ashok Leyland drops on reverse turnaround in Q2.
Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/07th_Nov_equity_closing_update.pdf
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