Sensex, Rupee rise after Moody's backs India's stable rating - NewsX

Global agency Moody's on Monday retained outlook on India's rating at stable despite slowdown in GDP growth rate saying that it is unlikely to be even a medium-term feature.The BSE Sensex and NSE Nifty opened 0.5% higher on Monday led by banks, metals, auto, capital goods and oil & gas stocks. However, technology stocks were under pressure following recovery in rupee. The BSE benchmark rose 99 points to 17,071.5 and the NSE benchmark went up 31 points to 5,177.

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