Sensex Rises Up 200 Points in Moody's Outlook


Bangalore: It is indeed a very strong start to the Indian markets as the Sensex rises 200 points and the Nifty rose close to 30 points in its opening trade.

Moreover, a lot does depend on the ability of the government to pass the pending bills, given that opposition lawmakers have actually paralyzed the parliament, also should demand the grant of the government’s flagship reforms which were earlier announced in September.

“The outlook on its Baa3 rating is indeed stable for India, due to India’s large, diverse economy, high savings and also its rates on investment and strong gross domestic product growth as supportive of the rating” said Moody, and this statement has definitely added momentum to the market. In Delhi, Debates are being raged over the fact if India, from other rating agencies could avoid any credit downgrades.

However, Moody's said: "The rating is constrained by the credit challenges posed by India's poor social and physical infrastructure, high government deficit and debt ratios, recurrent inflationary pressures and an uncertain operating environment,” as quoted by The Indian Express.