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Taiwan, Moody's cut in India GDP forecasts weigh on markets


Taiwan, Moody’s cut in India GDP forecasts weigh on markets
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Taiwan, Moody’s cut in India GDP forecasts weigh on markets
Weak Asian markets and Moody’s paring its forecasts for India’s GDP growth for FY22 weighed on Indian stocks in early trades on Wednesday.
At 11:20 AM, the S&P BSE Sensex was down over 521 points, or 1.06 percent and the Nifty50 had shed 149 points (one percent).
Sectorally, selling pressure was seen in energy, banks, IT, finance as well as oil & gas while buying was seen in power capital goods, utilities and realty.
We have collated a list of factors that could be weighing on markets: ....

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