Moody’s retains India’s rating at ‘Baa3’, maintains a stable outlook

Moody’s Ratings on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position.   The global rating agency also affirmed India’s other short-term local-currency rating at P-3.   “The rating affirmation and stable…

Markets rise for 6th day: Sensex up 200 pts, Nifty above 24,150; bank, metal stocks rally

Despite global jitters, the RBI’s liquidity boost appears to be cushioning domestic sentiment for now, especially in rate-sensitive pockets like banking. Markets rise for 6th day: Sensex up 200 pts, Nifty above 24,150; bank, metal stocks rally Indian equity benchmarks traded on a flat-to-negative basis on April 22, backed by supportive liquidity measures from the…