Markets close in red in choppy trade, Nifty falls below 11,450

Achievers News Bureau, September 14/20:-   In a choppy trade, markets closed in the negative zone on Monday due to profit booking.

The BSE Sensex closed 97.92 points or 0.25 percent lower at 38,756.63. On the other hand, the NSE Nifty fell 24.40 points or 0.21 percent to 11,440.05.

Bharti Airtel was the top loser in Sensex pack, falling upto 3.46 percent. Moody’s Investors Service on Friday revised Bharti Airtel’s credit outlook rating to stable from negative on account of easing of competition in the telecom sector, increase in 4G customer base and mobile services rates from December. It also considered options given to the company to make payment of pending adjusted gross revenue in instalments while revising the outlook.

Other losers were Bajaj Finance, Powergrid, SBI, HDFC Bank, Sun Pharma, Kotak Bank, ICICI Bank, HDFC, HUL, LT, and Nestle, falling upto 2.91 percent.

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