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S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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MARKET EYE-Indian shares fall; Infosys falls, autos gain
* The BSE index falls 0.4 percent, while the NSE index is down 0.4 percent. * Infosys falls 1.5 percent, retreating after gaining 2.7 percent over the previous two sessions. * Traders attribute the falls to Infosy's out-performance this month - down 0.2 percent versus a 0.9 percent fall in the NSE index - despite concerns about its outlook. * However, some auto stocks gain on expectations of improving sales during the festival season: Mahindra & Mahindra rises 2.4 percent. * Traders are also cautious ahead of the winter parliament session, which starts on Thursday. (abhishek.vishnoi@thomsonreuters.com)
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