Taking Stock | Moody's downgrade spoils the mood; indices falls for 3rd day in a row

Indian benchmark, Nifty extended its losing run into the third consecutive session on February 17 as investor sentiment remained fragile due to concerns over India's economic growth, while the Supreme Court's AGR order and its impact on telecom and banking stocks continued weighing on the sentiment.

Moody's on February 17 slashed its 2020 growth projection for India to 5.4 percent from 6.6 percent forecast earlier.