<p>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.<br /><br /></p>.<p>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. <br /><br />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.</p>
<p>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.<br /><br /></p>.<p>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. <br /><br />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.</p>
