Key benchmark indices on Wednesday edged lower after global credit rating agency Standard & Poor’s (S&P) warned that India still faced a one-in-three chance of a credit rating downgrade to junk status within the next 24 months despite a new drive for economic reform launched in September 2012.
The popular Sensex at BSE lost 162.26 points or 0.86 per cent to settle at 18,631.10, its lowest closing level since September 27, 2012.
The 50-unit S&P CNX Nifty at NSE was down 52.45 points or 0.92 per cent to settle at 5,652.15, its lowest closing level since September 27, 2012.
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