Business Roundup : Sensex, Nifty falls for 3rd day, Moody’s cuts India growth to 5.4%

Nifty slips below 12,050. Sensex falls for 3rd day, down 202 pts. NSE Nifty was also down 67.65 points. Sensex and Nifty closed in the red for a third session in a row. ONGC, NTPC fall 3% each. PSU bank, pharma stocks bleed. The Nifty energy index fell 1.5 percent. Nifty, Sensex fall as telecom exposure weighs on banks. Nifty ends below 12,100; PSU bank worst hit. Moody’s downgrading India’s GDP growth forecast for 2020 and 2021. Moody's downgrades India’s growth