Welcome Guest! | World Time






New York

Sensex 200 pts down, Nifty tests 10,550

Friday,   09-Nov-2018   09:29 AM (IST)

The benchmark indices opened lower on Friday taking similar cues from their Asian peers.  At 9:27 AM, the S&P BSE Sensex was trading at 35,110 down 128 points while the broader Nifty50 was at 10,576, down 23 points. The stock-specific action, Bharti Airtel is trading 4 per cent lower after Moody's Investors Service has placed it's rating on review for downgrade, following low levels of profitability and expectation of weak cash flow. "The review for downgrade is primarily driven by our expectation that Bharti's cash flow generation will remain weak and leverage elevated," Moody's VP and Senior Credit Officer Annalisa DiChiara said. Nearly 75 companies including Titan Company, Indian Energy Exchange, Hindustan Aeronautics, Indian Bank and India Cements to announce their September quarter earnings later in the day.