Indian benchmark indices slump on Wednesday
Mumbai, May 30 (IBNS): The Indian market slumped on Wednesday owing to weak global cues, according to media reports.
BSE Sensex was down 43.13 points at 34,906.11 and NSE Nifty was down 18.90 points at 10,614.40.
Some of the key stocks that gained on Wednesday included M&M, Coal India, Bajaj Finance, Yes Bank, HUL and Kotak Mahindra, while HPCL, Tata Motors, Hindalco, Bajaj Auto, Axis Bank, L&T, ICICI Bank and Grasim were some of the key stocks that reported loss.
Credit rating agency Moody's cut its India's 2018 GDP growth forecast to 7.3 per cent from 7.5 per cent earlier, according to media reports.
The Central government will release GDP data for the quarter ended March on Thursday.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
