The Reserve Bank of India’s has decided to put a moratorium on Yes Bank on Thursday for a period of thirty days. Withdrawals by depositors have been restricted, and mutual funds have begun writing off the value of the Yes Bank debt securities they hold. Watch report:

WION Wallet: RBI moves to restructure YES Bank by placing it under moratorium | Yes Bank Moratorium

Shares in India's Yes Bank plunged as much as 85 per cent on Friday after the central bank seized control and imposed withdrawal limits to prevent the collapse of the country's fourth-largest lender.

The move by the Reserve Bank of India (RBI) sparked a sell-off across the troubled banking sector and sent the rupee falling to its weakest level since 2018.

People queued outside Yes Bank branches after the announcement late Thursday that customers can only withdraw 50,000 rupees over the next 30 days while the RBI tries to put together a rescue.

The news added to liquidity concerns about India's financial system more than a year after the near-collapse of IL&amp;FS, one of the nation's biggest "shadow banks" -- finance houses responsible for significant consumer lending.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/rbi-imposes-moratorium-on-yes-bank-withdrawals-capped-to-rs-50000-284590">RBI imposes 'moratorium' on Yes Bank; withdrawals capped to Rs 50,000</a>

A resulting reluctance of banks to lend money has exacerbated the woes of Asia's third-biggest economy, with growth slowing for seven consecutive quarters before picking up with a meagre 4.7-per cent expansion in the final three months of 2019.

Yes Bank's exposure to the shadow banking sector is particularly large and it has been struggling for some time to raise fresh capital to free itself of a mountain of bad loans in order to quell worries about its viability.

"Investors have turned risk-averse and the contagion is likely to hit smaller bank and non-bank finance companies," said Abhimanyu Sofat at IIFL Securities.&nbsp;

"How soon the RBI finalises the rescue plan is key as persistent operational curbs increase uncertainty," Sofat told Bloomberg News.

Also see:<a href="https://www.wionews.com/india-news/supreme-court-allows-trade-in-cryptocurrencies-quashes-rbi-curb-284158">&nbsp;Supreme Court allows trade in cryptocurrencies, quashes RBI curb</a>

The RBI put the blame on "serious governance issues and practices in recent years" but said there was "no need to panic".

However, customers waiting to get their money were far from reassuring.

"It's not clear at the moment, and that is making some people panic a bit. Even I am at the moment," Devika, a student and Yes Bank account holder, told AFP as she queued to withdraw money in New Delhi.

"I had purchased 15 shares of Yes Bank at 150 rupees per share and now they are at 15 rupees. It's a huge dent on my investments and even my deposits are locked in," Varsha Gandhi, a Mumbai-based lawyer told the sources.

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"I am just waiting to see if RBI's moves will have any positive impact. But it's a huge loss as the stocks have tanked," 27-year-old Gandhi added.&nbsp;

RBI governor Shaktikanta Das also tried to reassure account holders.

"The 30 days which we have given is the outer limit, you will see very swift action from the RBI to put in place a scheme to revive Yes Bank," he told reporters in the financial capital Mumbai on Friday.&nbsp;

According to media reports, the RBI was attempting to cobble together a rescue that included State Bank of India (SBI), the country's largest lender, and other financial institutions.

"There are legitimate questions being raised about the bank's balance sheet, ability to raise capital and the central bank and SBI may have to take quick steps to revive it in the next few days," Ashutosh Datar, an independent economist in Mumbai, told sources.

"The next few weeks are crucial for Yes Bank's survival," said Sameer Narang, an economist at State Bank of Baroda.

By early afternoon in Mumbai, Yes Bank shares had recovered slightly but were still down 59 per cent at 15.20 rupees.

Shares in India's Yes Bank plunged as much as 85 per cent on Friday after the central bank seized control and imposed withdrawal limits to prevent the collapse of the country's fourth-largest lender.

Shares in India's Yes Bank plunged as much as 85 per cent on Friday after the central bank seized control and imposed withdrawal limits to prevent the collapse of the country's fourth-largest lender. The move by the Reserve Bank of India (RBI) sparked a sell-off across the troubled banking sector and sent the rupee falling to its weakest level since 2018. People queued outside Yes Bank branches after the announcement late Thursday that customers can only withdraw 50,000 rupees over the next 30 days while the RBI tries to put together a rescue. The news added to liquidity concerns about India's financial system more than a year after the near-collapse of IL&FS, one of the nation's biggest "shadow banks" -- finance houses responsible for significant consumer lending. Also read: RBI imposes 'moratorium' on Yes Bank; withdrawals capped to Rs 50,000 A resulting reluctance of banks to lend money has exacerbated the woes of Asia's third-biggest economy, with growth slowing for seven consecutive quarters before picking up with a meagre 4.7-per cent expansion in the final three months of 2019. Yes Bank's exposure to the shadow banking sector is particularly large and it has been struggling for some time to raise fresh capital to free itself of a mountain of bad loans in order to quell worries about its viability. "Investors have turned risk-averse and the contagion is likely to hit smaller bank and non-bank finance companies," said Abhimanyu Sofat at IIFL Securities. "How soon the RBI finalises the rescue plan is key as persistent operational curbs increase uncertainty," Sofat told Bloomberg News. Also see: Supreme Court allows trade in cryptocurrencies, quashes RBI curb The RBI put the blame on "serious governance issues and practices in recent years" but said there was "no need to panic". However, customers waiting to get their money were far from reassuring. "It's not clear at the moment, and that is making some people panic a bit. Even I am at the moment," Devika, a student and Yes Bank account holder, told AFP as she queued to withdraw money in New Delhi. "I had purchased 15 shares of Yes Bank at 150 rupees per share and now they are at 15 rupees. It's a huge dent on my investments and even my deposits are locked in," Varsha Gandhi, a Mumbai-based lawyer told the sources. Watch: × "I am just waiting to see if RBI's moves will have any positive impact. But it's a huge loss as the stocks have tanked," 27-year-old Gandhi added. RBI governor Shaktikanta Das also tried to reassure account holders. "The 30 days which we have given is the outer limit, you will see very swift action from the RBI to put in place a scheme to revive Yes Bank," he told reporters in the financial capital Mumbai on Friday. According to media reports, the RBI was attempting to cobble together a rescue that included State Bank of India (SBI), the country's largest lender, and other financial institutions. "There are legitimate questions being raised about the bank's balance sheet, ability to raise capital and the central bank and SBI may have to take quick steps to revive it in the next few days," Ashutosh Datar, an independent economist in Mumbai, told sources. "The next few weeks are crucial for Yes Bank's survival," said Sameer Narang, an economist at State Bank of Baroda. By early afternoon in Mumbai, Yes Bank shares had recovered slightly but were still down 59 per cent at 15.20 rupees.

Shares in India's Yes Bank crash on withdrawal limits

Yes Bank has been placed under "moratorium" with the Reserve Bank of India(RBI) capping depositor withdrawals at Rs 50,000 per account for a month.

<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Also Read: Board member at Yes Bank quits, cites governance concerns</a>

"The Reserve Bank came to the conclusion that in the absence of a credible revival plan, and in public interest and the interest of the bank's depositors, it had no alternative but to apply to the central government for imposing a moratorium under Section 45 of the Banking Regulation Act, 1949," the RBI said in a statement.

RBI said <a href="https://www.wionews.com/business-economy/yes-bank-seeks-up-to-2-billion-in-preferential-new-share-issue-265494">Yes Bank</a> was in talks with investors including private equity firms to infuse capital.&nbsp;

"These investors did hold discussions with senior officials of the Reserve Bank but for various reasons eventually did not infuse any capital," RBI said, adding,"since a bank and market-led revival is a preferred option over a regulatory restructuring, the Reserve Bank made all efforts to facilitate such a process and gave adequate opportunity to the bank's management to draw up a credible revival plan, which did not materialise," the statement said.

<a href="https://www.wionews.com/business-economy/yes-bank-gets-12-billion-offer-from-global-investor-259044">Also Read: Yes Bank gets $1.2 billion offer from global investor</a>

In the statement, India's central bank said the move was necessary to restore depositors' confidence after the bank's inability to address potential loan losses and downgrades.

"The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank," the Reserve Bank of India informed.

In January, Uttam Prakash Agarwal, an independent board member with Yes Bank had resigned from the lender's board and stepped down as head of its audit committee citing major corporate governance concerns.

Yes Bank has been placed under "moratorium" with the Reserve Bank of India(RBI) capping depositor withdrawals at Rs 50,000 per account for a month. Also Read: Board member at Yes Bank quits, cites governance concerns "The Reserve Bank came to the conclusion that in the absence of a credible revival plan, and in public interest and the interest of the bank's depositors, it had no alternative but to apply to the central government for imposing a moratorium under Section 45 of the Banking Regulation Act, 1949," the RBI said in a statement.

Yes Bank has been placed under "moratorium" with the Reserve Bank of India(RBI) capping depositor withdrawals at Rs 50,000 per account for a month. Also Read: Board member at Yes Bank quits, cites governance concerns "The Reserve Bank came to the conclusion that in the absence of a credible revival plan, and in public interest and the interest of the bank's depositors, it had no alternative but to apply to the central government for imposing a moratorium under Section 45 of the Banking Regulation Act, 1949," the RBI said in a statement. RBI said Yes Bank was in talks with investors including private equity firms to infuse capital. "These investors did hold discussions with senior officials of the Reserve Bank but for various reasons eventually did not infuse any capital," RBI said, adding,"since a bank and market-led revival is a preferred option over a regulatory restructuring, the Reserve Bank made all efforts to facilitate such a process and gave adequate opportunity to the bank's management to draw up a credible revival plan, which did not materialise," the statement said. Also Read: Yes Bank gets $1.2 billion offer from global investor In the statement, India's central bank said the move was necessary to restore depositors' confidence after the bank's inability to address potential loan losses and downgrades. "The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank," the Reserve Bank of India informed. In January, Uttam Prakash Agarwal, an independent board member with Yes Bank had resigned from the lender's board and stepped down as head of its audit committee citing major corporate governance concerns.

RBI imposes 'moratorium' on Yes Bank; withdrawals capped to Rs 50,000

Shares rose on Wednesday after the finance minister said the government would announce measures to tackle the financial fallout from the <a href="https://www.wionews.com/world/death-toll-in-chinas-coronavirus-passes-2000-passengers-begin-leaving-japan-cruise-ship-281458">coronavirus </a>outbreak amid a fall in new cases in China.

The broader NSE <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-on-coronavirus-fears-metals-drag-277556">Nifty</a>&nbsp;50 index&nbsp;was up 0.93 per cent&nbsp;at 12,1014 by 0401 GMT, while the benchmark S&amp;P BSE <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-on-coronavirus-fears-metals-drag-277556">Sensex&nbsp;</a>rose 0.6&nbsp;per cent&nbsp;to 41,121.51.

Both the indexes declined nearly 1&nbsp;per cent&nbsp;in the last two sessions due to the rising financial impact of the epidemic.

Also read:&nbsp;<a href="https://www.wionews.com/opinions/wion-edit-summarising-the-state-of-indian-economy-274415">Summarising the state of Indian economy</a>

Finance minister <a href="https://www.wionews.com/business-economy/ride-hailing-services-metro-trains-bs-vi-among-other-reasons-for-auto-sector-slowdown-finance-minister-nirmala-sitharaman-248878">Nirmala Sitharaman</a> met more than 200 business leaders to assess the impact of the coronavirus on Tuesday and said the government would unveil measures to help businesses.

However, she did not elaborate on what measures the government would take to limit the impact.

"If the coronavirus threats die down the markets may see a short-term bounce back," said Naveen Kulkarni, head of research at Reliance Securities.

Also read:&nbsp;<a href="https://www.wionews.com/world/death-toll-in-chinas-coronavirus-passes-2000-passengers-begin-leaving-japan-cruise-ship-281458">Death toll in China's coronavirus passes 2,000 as another person dies in Hong Kong</a>

"Corporate earnings have been weak. There are big challenges with regards to the resolution the banking industry has to see. There are banks that are still struggling to raise capital and there are more long-term challenges."

India's industrial output unexpectedly contracted in December, according to data released this month, showing that Asia's third-largest economy remains under pressure.

The blue-chip Nifty 50 index has fallen about 2.6&nbsp;per cent&nbsp;from its Jan. 20 record intraday high of 12,430.50, weighed down by the impact of the outbreak and as the annual federal budget failed to address key concerns among investors.

<a href="https://www.wionews.com/world/bloomberg-qualifies-for-next-debate-and-rivals-are-getting-ready-281390">Yes Bank</a>&nbsp;fell 1.4&nbsp;per cent&nbsp;after the National Stock Exchange said on Tuesday it will drop the lender's shares from the blue-chip index.

The biggest gainer in the Nifty 50 was Bharti Infratel Ltd, up 7.1 per cent, followed by NTPC Ltd, which gained 3.5 per cent.

Shares rose on Wednesday after the finance minister said the government would announce measures to tackle the financial fallout from the coronavirus outbreak amid a fall in new cases in China.

Shares rose on Wednesday after the finance minister said the government would announce measures to tackle the financial fallout from the coronavirus outbreak amid a fall in new cases in China. The broader NSE Nifty 50 index was up 0.93 per cent at 12,1014 by 0401 GMT, while the benchmark S&P BSE Sensex rose 0.6 per cent to 41,121.51. Both the indexes declined nearly 1 per cent in the last two sessions due to the rising financial impact of the epidemic. Also read: Summarising the state of Indian economy Finance minister Nirmala Sitharaman met more than 200 business leaders to assess the impact of the coronavirus on Tuesday and said the government would unveil measures to help businesses. However, she did not elaborate on what measures the government would take to limit the impact. "If the coronavirus threats die down the markets may see a short-term bounce back," said Naveen Kulkarni, head of research at Reliance Securities. Also read: Death toll in China's coronavirus passes 2,000 as another person dies in Hong Kong "Corporate earnings have been weak. There are big challenges with regards to the resolution the banking industry has to see. There are banks that are still struggling to raise capital and there are more long-term challenges." India's industrial output unexpectedly contracted in December, according to data released this month, showing that Asia's third-largest economy remains under pressure. The blue-chip Nifty 50 index has fallen about 2.6 per cent from its Jan. 20 record intraday high of 12,430.50, weighed down by the impact of the outbreak and as the annual federal budget failed to address key concerns among investors. Yes Bank fell 1.4 per cent after the National Stock Exchange said on Tuesday it will drop the lender's shares from the blue-chip index. The biggest gainer in the Nifty 50 was Bharti Infratel Ltd, up 7.1 per cent, followed by NTPC Ltd, which gained 3.5 per cent.

Nifty, Sensex gain on hopes of government aid to tackle virus impact

Shares ended higher on Wednesday, as a slowdown in the number of <a href="https://www.wionews.com/world/petition-seeking-right-to-freedom-of-speech-gathers-momentum-as-china-fights-coronavirus-280264">coronavirus </a>cases and the US&nbsp;Federal Reserve chairman's optimistic view on the economy whetted investor appetite for riskier assets.

The broader <a href="https://www.wionews.com/business-economy/india-can-end-up-with-5-real-gdp-growth-this-fiscal-chairman-of-pms-economic-advisory-council-277423">Nifty </a>ended up 0.77 per cent at 12,201.20 and the benchmark <a href="https://www.wionews.com/business-economy/india-can-end-up-with-5-real-gdp-growth-this-fiscal-chairman-of-pms-economic-advisory-council-277423">Sensex </a>ended 0.85&nbsp;per cent&nbsp;higher at 41,565.90.

Also read: <a href="https://www.wionews.com/business-economy/india-can-end-up-with-5-real-gdp-growth-this-fiscal-chairman-of-pms-economic-advisory-council-277423">India can end up with 5% real GDP growth this fiscal: Chairman of PM's Economic Advisory Council</a>

<a href="https://www.wionews.com/world/petition-seeking-right-to-freedom-of-speech-gathers-momentum-as-china-fights-coronavirus-280264">China </a>reported its lowest number of new coronavirus cases since late January, supporting its senior medical adviser's prediction that the outbreak might be over by April.

Meanwhile, Federal Reserve Chair Jerome Powell on Tuesday said the US economy is in a good place, leading to a rise in bond yields and lifting sentiment globally.&nbsp;

In the domestic market, consumer goods giant Hindustan Unilever surged over 5&nbsp;per cent&nbsp;to a record close of 2260.35 rupees and boosted the Nifty FMCG index, up 1.88 per cent.

Financial stocks were also among top contributors to gains for the day, with the Nifty financials index gaining 0.66 per cent.

Meanwhile, Yes Bank was the day's top laggard, ending 4.5&nbsp;per cent&nbsp;lower.

Shares ended higher on Wednesday, as a slowdown in the number of coronavirus cases and the US Federal Reserve chairman's optimistic view on the economy whetted investor appetite for riskier assets.

Shares ended higher on Wednesday, as a slowdown in the number of coronavirus cases and the US Federal Reserve chairman's optimistic view on the economy whetted investor appetite for riskier assets. The broader Nifty ended up 0.77 per cent at 12,201.20 and the benchmark Sensex ended 0.85 per cent higher at 41,565.90. Also read: India can end up with 5% real GDP growth this fiscal: Chairman of PM's Economic Advisory Council China reported its lowest number of new coronavirus cases since late January, supporting its senior medical adviser's prediction that the outbreak might be over by April. Meanwhile, Federal Reserve Chair Jerome Powell on Tuesday said the US economy is in a good place, leading to a rise in bond yields and lifting sentiment globally. In the domestic market, consumer goods giant Hindustan Unilever surged over 5 per cent to a record close of 2260.35 rupees and boosted the Nifty FMCG index, up 1.88 per cent. Financial stocks were also among top contributors to gains for the day, with the Nifty financials index gaining 0.66 per cent. Meanwhile, Yes Bank was the day's top laggard, ending 4.5 per cent lower.

Sensex, Nifty end higher as coronavirus fears abate

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday.

The NSE <a href="https://www.wionews.com/business-economy/nifty-closes-at-12130-tata-motors-top-performer-277344">Nifty</a> 50 index closed down 0.77 per cent&nbsp;at 12,035.80, while the S&amp;P BSE&nbsp;<a href="https://www.wionews.com/business-economy/nifty-sensex-fall-for-second-day-as-china-virus-fears-persist-277102">Sensex&nbsp;</a>ended 0.69 per cent lower at 40,913.82.

Also read: <a href="https://www.wionews.com/india-news/coronavirus-outbreak-in-india-kerala-reports-first-confirmed-case-277500">Coronavirus: First confirmed case in India, Kerala student tests positive</a>

India reported its first case of the new coronavirus on Thursday, saying a student in Kerala had tested positive for the virus that originated in <a href="https://www.wionews.com/videos/coronavirus-death-toll-rises-to-170-in-china-277445">China</a> and has killed 170 people so far.

Investor fears of the impact of the fast-spreading virus have led them to offload riskier equities and turn to safe-haven assets such as gold and bonds.

The Nifty state-owned banking index closed down 1.32 per cent, while the metals index was down 1.39 per cent.

<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank </a>led losses among the blue-chip stocks, falling 5.22 per cent, while <a href="https://www.wionews.com/business-economy/bajaj-auto-reports-9-fall-in-vehicle-sales-during-october-259184">Bajaj Auto</a>, the top gainer, rose 1.74&nbsp;per cent.

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday.

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday. The NSE Nifty 50 index closed down 0.77 per cent at 12,035.80, while the S&P BSE Sensex ended 0.69 per cent lower at 40,913.82. Also read: Coronavirus: First confirmed case in India, Kerala student tests positive India reported its first case of the new coronavirus on Thursday, saying a student in Kerala had tested positive for the virus that originated in China and has killed 170 people so far. Investor fears of the impact of the fast-spreading virus have led them to offload riskier equities and turn to safe-haven assets such as gold and bonds. The Nifty state-owned banking index closed down 1.32 per cent, while the metals index was down 1.39 per cent. Yes Bank led losses among the blue-chip stocks, falling 5.22 per cent, while Bajaj Auto, the top gainer, rose 1.74 per cent.

Sensex, Nifty end lower on coronavirus fears; metals drag

<a href="https://www.wionews.com/business-economy/it-stocks-propel-indian-shares-to-all-time-peaks-268818">Indian shares</a> ended firmer on Friday, with banking stocks leading gains, as investors assessed a raft of corporate earnings and awaited the release of the federal budget next week.

The <a href="https://www.wionews.com/business-economy/nifty-sensex-inch-lower-zee-top-gainer-in-nifty-50-263548">NSE Nifty 50 Index</a> ended 0.56 per cent&nbsp;higher at 12,248.25, while the S&amp;P BSE&nbsp;Sensex&nbsp;closed down 0.55&nbsp;per cent&nbsp;at 41,613.19.

However, poorly received financial results from a few index heavyweights dragged the Nifty 0.84&nbsp;per cent&nbsp;lower this week, while analysts also expected markets to remain volatile until the federal budget on February&nbsp;1, which could include government measures to revive economic growth.

Ultratech Cement Ltd, a Nifty component, gained 2.6&nbsp;per cent&nbsp;after reporting on Friday an increase in its profit for the quarter ended December.

The Nifty banking index ended 0.77&nbsp;per cent&nbsp;firmer, with <a href="https://www.wionews.com/business-economy/kotak-mahindra-bank-q4-profit-rises-14-to-rs-2038-crore-214769">Kotak Mahindra Bank</a> closing 2.3&nbsp;per cent&nbsp;higher. Private-sector lender <a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank</a> was the top gainer in the index with a 4.5&nbsp;per cent&nbsp;jump. Yes Bank stock, which rose for the third consecutive session, dropped 9&nbsp;per cent&nbsp;so far this year.

Indian shares ended firmer on Friday, with banking stocks leading gains, as investors assessed a raft of corporate earnings and awaited the release of the federal budget next week.

Indian shares ended firmer on Friday, with banking stocks leading gains, as investors assessed a raft of corporate earnings and awaited the release of the federal budget next week. The NSE Nifty 50 Index ended 0.56 per cent higher at 12,248.25, while the S&P BSE Sensex closed down 0.55 per cent at 41,613.19. However, poorly received financial results from a few index heavyweights dragged the Nifty 0.84 per cent lower this week, while analysts also expected markets to remain volatile until the federal budget on February 1, which could include government measures to revive economic growth. Ultratech Cement Ltd, a Nifty component, gained 2.6 per cent after reporting on Friday an increase in its profit for the quarter ended December. The Nifty banking index ended 0.77 per cent firmer, with Kotak Mahindra Bank closing 2.3 per cent higher. Private-sector lender Yes Bank was the top gainer in the index with a 4.5 per cent jump. Yes Bank stock, which rose for the third consecutive session, dropped 9 per cent so far this year.

Nifty, Sensex close higher, banking stocks shine

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 <a href="https://www.wionews.com/world/china-us-had-constructive-phone-call-on-trade-report-262656">China-US</a>&nbsp;trade deal and strong results from IT bellwether <a href="https://www.wionews.com/business-economy/equity-indices-edge-up-infosys-profit-jumps-by-4-pc-on-good-q3-results-273855">Infosys Ltd</a> helped boost sentiment.

<a href="https://www.wionews.com/business-economy/equity-indices-edge-up-infosys-profit-jumps-by-4-pc-on-good-q3-results-273855">Also read:&nbsp;Equity indices edge up, Infosys profit jumps by 4 % on good Q3 results</a>

Investors awaited retail inflation data for December, due later in the day. At an expected 6.20 percent&nbsp;according to a Reuters poll, inflation is set to hit its highest in more than five years.

"Rising inflation after December has been priced in by the market because toward the end of the year (2019) we had seen upticks in inflation," said Anand James, chief market strategist at Geojit Financial Services.

The Nifty 50 Index ended 0.59&nbsp;percent higher at 12,329.55, while the benchmark S&amp;P BSE&nbsp;Sensex&nbsp;Index jumped 0.62&nbsp;percent&nbsp;to 41,859.69.

Both indexes had touched intraday all-time peaks at 12,337.75 and 41,889.63, respectively, earlier in the session.

Infosys' shares ended 4.8&nbsp;percent higher, making it the biggest gainer on the Nifty after the IT bellwether beat quarterly profit estimates and cleared its top executives of financial misconduct allegations. The Nifty IT index closed 1.67&nbsp;percent higher.

<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank Ltd</a> ended 5.92&nbsp;percent&nbsp;lower and led the losses on the Nifty.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Board member at Yes Bank quits, cites governance concerns</a>

The private sector lender on Friday rejected a $1.2 billion investment from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings and launched a $1.4 billion share sale.

Shares of <a href="https://www.wionews.com/business-economy/indian-markets-steady-in-early-trade-ahead-of-cabinet-meeting-inflation-figures-261732">Britannia Industries</a> and <a href="https://www.wionews.com/business-economy/indias-consumer-goods-growth-slows-as-rural-demand-cools-nielsen-236908">Hindustan Unilever Ltd</a> gained 1.85&nbsp;percent&nbsp;and 2.1 percent.

<a href="https://www.wionews.com/business-economy/sensex-crashes-by-788-points-on-us-iran-tensions-banks-and-auto-companies-bleed-272541">IndusInd Bank</a> Ltd ended 3.25&nbsp;percent&nbsp;higher ahead of its quarterly results on Tuesday and was the second-biggest gainer on the Nifty.

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 China-US trade deal and strong results from IT bellwether Infosys Ltd helped boost sentiment.

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 China-US trade deal and strong results from IT bellwether Infosys Ltd helped boost sentiment. Also read: Equity indices edge up, Infosys profit jumps by 4 % on good Q3 results Investors awaited retail inflation data for December, due later in the day. At an expected 6.20 percent according to a Reuters poll, inflation is set to hit its highest in more than five years. "Rising inflation after December has been priced in by the market because toward the end of the year (2019) we had seen upticks in inflation," said Anand James, chief market strategist at Geojit Financial Services. The Nifty 50 Index ended 0.59 percent higher at 12,329.55, while the benchmark S&P BSE Sensex Index jumped 0.62 percent to 41,859.69. Both indexes had touched intraday all-time peaks at 12,337.75 and 41,889.63, respectively, earlier in the session. Infosys' shares ended 4.8 percent higher, making it the biggest gainer on the Nifty after the IT bellwether beat quarterly profit estimates and cleared its top executives of financial misconduct allegations. The Nifty IT index closed 1.67 percent higher. Yes Bank Ltd ended 5.92 percent lower and led the losses on the Nifty. Also read: Board member at Yes Bank quits, cites governance concerns The private sector lender on Friday rejected a $1.2 billion investment from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings and launched a $1.4 billion share sale. Shares of Britannia Industries and Hindustan Unilever Ltd gained 1.85 percent and 2.1 percent. IndusInd Bank Ltd ended 3.25 percent higher ahead of its quarterly results on Tuesday and was the second-biggest gainer on the Nifty.

Nifty, Sensex end on record highs on Infosys, US-China trade deal optimism

Uttam Prakash Agarwal, an independent board member with Yes Bank Ltd, resigned from the lender's board and stepped down as head of its audit committee on Friday, citing major corporate governance concerns at the troubled lender.

Agarwal, in a resignation letter seen by Reuters, said there were "serious concerns" around deteriorating corporate governance standards, along with compliance failures, at the bank.

The allegations against the country's fifth-largest private lender by assets could spell more trouble for the bank, and the news sent its stock tumbling 5 percent&nbsp;on Friday.

Yes Bank's shares fell nearly 75 percent&nbsp;last year, as non-performing assets on its books have risen sharply.

Delays in the bank's plans to raise a <a href="https://www.wionews.com/business-economy/yes-bank-seeks-up-to-2-billion-in-preferential-new-share-issue-265494">substantial sum</a> of fresh capital have also spooked <a href="https://www.wionews.com/business-economy/yes-bank-in-talks-with-microsoft-other-tech-firms-to-sell-up-to-15-stake-report-254145">investors</a>. The bank has since November been talking about raising up to $2 billion in funds.

Agarwal was appointed to the board in November 2018 by the lender's former managing director Rana Kapoor.

Agarwal in his resignation letter raised concerns about the management practices of the bank's senior leadership team, and said he had shared his concerns with all the relevant regulatory authorities.

His resignation came just ahead of a Yes Bank board meeting on Friday to discuss its fundraising plans.

Uttam Prakash Agarwal, an independent board member with Yes Bank Ltd, resigned from the lender's board and stepped down as head of its audit committee on Friday, citing major corporate governance concerns at the troubled lender.

Uttam Prakash Agarwal, an independent board member with Yes Bank Ltd, resigned from the lender's board and stepped down as head of its audit committee on Friday, citing major corporate governance concerns at the troubled lender. Agarwal, in a resignation letter seen by Reuters, said there were "serious concerns" around deteriorating corporate governance standards, along with compliance failures, at the bank. The allegations against the country's fifth-largest private lender by assets could spell more trouble for the bank, and the news sent its stock tumbling 5 percent on Friday. Yes Bank's shares fell nearly 75 percent last year, as non-performing assets on its books have risen sharply. Delays in the bank's plans to raise a substantial sum of fresh capital have also spooked investors. The bank has since November been talking about raising up to $2 billion in funds. Agarwal was appointed to the board in November 2018 by the lender's former managing director Rana Kapoor. Agarwal in his resignation letter raised concerns about the management practices of the bank's senior leadership team, and said he had shared his concerns with all the relevant regulatory authorities. His resignation came just ahead of a Yes Bank board meeting on Friday to discuss its fundraising plans.

Board member at Yes Bank quits, cites governance concerns

Bulls regained control on the D-Street amid softening crude oil prices on Thursday following optimism in global markets after US President <a href="https://www.wionews.com/opinions/donald-trumps-attitude-towards-india-unpredictable-unreliable-238560">Donald Trump</a>'s comments on the Iran conflict eased worries and improved risk appetite.

The cooling off of oil prices lifted market sentiment as India imports more than 85 per cent of its requirement. The international benchmark Brent crude futures fell by 4.1 per cent amid volatility in the previous session and traded around 65 dollars a barrel.

The rally was also be attributed to expectations as the government is readying a set of bold initiatives to be announced in the Union Budget for 2020-21 which could bring a quick turnaround in the economy.

The BSE S&amp;P Sensex closed 634 points or 1.55 per cent higher at 41,451 while the <a href="https://www.wionews.com/business-economy/nifty-sensex-inch-lower-zee-top-gainer-in-nifty-50-263548">Nifty 50</a> moved up by 188 points at 12,214.

Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the green with Nifty realty ticking up by 2.73 per cent, auto by 2.68 per cent, PSU bank by 2.41 per cent and metal by 1.43 per cent.

Among stocks, JSW Steel was the top gainer at Rs 278 per share, up by 5.9 per cent. Private lenders <a href="https://www.wionews.com/business-economy/lower-provisions-help-icici-bank-swing-to-first-quarter-profit-238840">ICICI Bank</a>, IndusInd Bank and Yes Bank advanced by 3.7 per cent, 3.3 per cent and 2.9 per cent respectively while state-owned State Bank of India ticked up by 3.2 per cent.

Auto majors Tata Motors, Mahindra &amp; Mahindra and Maruti gained by 5.4 per cent, 3.2 per cent and 2.9 per cent. Shares of Reliance Industries rose by 2.25 per cent at Rs 1,547.95 after Morgan Stanley said it expects strong growth in its retail and telecom businesses.

However, IT majors Tata Consultancy Services and <a href="https://www.wionews.com/business-economy/market-rebounds-on-easing-crude-firming-rupee-hcl-tech-cracks-6-points-182083">HCL Technologies</a> showed marginal losses along with Coal India, GAIL and Britannia.

Meanwhile, Asian stocks rebounded as the United States and Iran backed away from the brink of further conflict in the Middle East.

Trump responded overnight to an Iranian attack on US forces with sanctions, not violence. Iran offered no immediate signal it will retaliate further over a January 3 US strike that killed one of its senior military commanders.

Japan's Nikkei rose by 2.31 per cent, lifting stocks to their highest for the year so far. Hong Kong's Hang Seng climbed up by 1.68 per cent while South Korea's Kospi inched up by 1.63 per cent.

The Shanghai Composite index too moved up by 0.91 per cent after the government announced that China's Vice Premier Liu He, head of the country's negotiation team in US-China trade talks, will sign phase one of the deal in Washington next week.

Bulls regained control on the D-Street amid softening crude oil prices on Thursday following optimism in global markets after US President Donald Trump's comments on the Iran conflict eased worries and improved risk appetite.

Bulls regained control on the D-Street amid softening crude oil prices on Thursday following optimism in global markets after US President Donald Trump's comments on the Iran conflict eased worries and improved risk appetite. The cooling off of oil prices lifted market sentiment as India imports more than 85 per cent of its requirement. The international benchmark Brent crude futures fell by 4.1 per cent amid volatility in the previous session and traded around 65 dollars a barrel. The rally was also be attributed to expectations as the government is readying a set of bold initiatives to be announced in the Union Budget for 2020-21 which could bring a quick turnaround in the economy. The BSE S&P Sensex closed 634 points or 1.55 per cent higher at 41,451 while the Nifty 50 moved up by 188 points at 12,214. Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the green with Nifty realty ticking up by 2.73 per cent, auto by 2.68 per cent, PSU bank by 2.41 per cent and metal by 1.43 per cent. Among stocks, JSW Steel was the top gainer at Rs 278 per share, up by 5.9 per cent. Private lenders ICICI Bank, IndusInd Bank and Yes Bank advanced by 3.7 per cent, 3.3 per cent and 2.9 per cent respectively while state-owned State Bank of India ticked up by 3.2 per cent. Auto majors Tata Motors, Mahindra & Mahindra and Maruti gained by 5.4 per cent, 3.2 per cent and 2.9 per cent. Shares of Reliance Industries rose by 2.25 per cent at Rs 1,547.95 after Morgan Stanley said it expects strong growth in its retail and telecom businesses. However, IT majors Tata Consultancy Services and HCL Technologies showed marginal losses along with Coal India, GAIL and Britannia. Meanwhile, Asian stocks rebounded as the United States and Iran backed away from the brink of further conflict in the Middle East. Trump responded overnight to an Iranian attack on US forces with sanctions, not violence. Iran offered no immediate signal it will retaliate further over a January 3 US strike that killed one of its senior military commanders. Japan's Nikkei rose by 2.31 per cent, lifting stocks to their highest for the year so far. Hong Kong's Hang Seng climbed up by 1.68 per cent while South Korea's Kospi inched up by 1.63 per cent. The Shanghai Composite index too moved up by 0.91 per cent after the government announced that China's Vice Premier Liu He, head of the country's negotiation team in US-China trade talks, will sign phase one of the deal in Washington next week.

Sensex jumps 634 points as US-Iran tensions ease, auto and realty stocks gain

<a href="https://www.wionews.com/business-economy/sensex-hits-all-time-high-of-41798-nifty-at-a-record-peak-of-12272-269276">Indian&nbsp;shares</a>&nbsp;were little changed on Tuesday as investors stayed on the sidelines for a second straight session ahead of the Christmas holiday, while&nbsp;Yes&nbsp;Bank&nbsp;and&nbsp;Indiabulls&nbsp;Real&nbsp;Estate&nbsp;gained.

Indian&nbsp;stock indexes hit record intraday highs on Friday, but with just a handful of trading days remaining in 2019, markets have since remained subdued due to a lack of significant drivers.

Optimism that a <a href="https://www.wionews.com/world/phase-one-trade-deal-with-china-would-be-signed-very-shortly-donald-trump-269576">US-China trade deal</a> would revive exports and boost corporate earnings helped Wall Street&nbsp;rise&nbsp;to record closing highs on Monday, but <a href="https://www.wionews.com/business-economy/asian-shares-near-18-month-high-bask-in-trade-deal-afterglow-269696">Asian&nbsp;shares</a>&nbsp;darted in and out of losses on Tuesday amid a holiday lull.

The Nifty was up 0.03 per cent&nbsp;at 12,266.60 by 0434 GMT, while the Sensex ticked up 0.02 per cent to 41,648.96.

"The Nifty is&nbsp;likely to stay range bound between 12,150 to 12,350 zones while stock specific action is&nbsp;likely to continue in near term," analysts at Motilal Oswal wrote in a report.

On the <a href="https://www.wionews.com/business-economy/nifty-sensex-end-flat-ahead-on-holidays-psu-banks-offset-auto-gains-269730">Nifty</a> 100 index, Zee Entertainment Enterprises Ltd was the top gainer with a 2.4 per cent&nbsp;rise, while HCL Technologies Ltd fell the most.

Shares&nbsp;in&nbsp;<a href="https://www.wionews.com/business-economy/nifty-sensex-end-higher-it-auto-stocks-gain-269174">Yes&nbsp;Bank</a>, down 26 per cent&nbsp;so far this month amid uncertainty over its plans to raise more capital, rose as much as 3.2 per cent.

Indiabulls&nbsp;Real&nbsp;Estate's stock climbed 1.4 per cent. The company announced plans late on Sunday to sell commercial assets to Blackstone Group for 8.1 billion rupees ($114 million).

Indian shares were little changed on Tuesday as investors stayed on the sidelines for a second straight session ahead of the Christmas holiday, while Yes Bank and Indiabulls Real Estate gained.

Indian shares were little changed on Tuesday as investors stayed on the sidelines for a second straight session ahead of the Christmas holiday, while Yes Bank and Indiabulls Real Estate gained. Indian stock indexes hit record intraday highs on Friday, but with just a handful of trading days remaining in 2019, markets have since remained subdued due to a lack of significant drivers. Optimism that a US-China trade deal would revive exports and boost corporate earnings helped Wall Street rise to record closing highs on Monday, but Asian shares darted in and out of losses on Tuesday amid a holiday lull. The Nifty was up 0.03 per cent at 12,266.60 by 0434 GMT, while the Sensex ticked up 0.02 per cent to 41,648.96. "The Nifty is likely to stay range bound between 12,150 to 12,350 zones while stock specific action is likely to continue in near term," analysts at Motilal Oswal wrote in a report. On the Nifty 100 index, Zee Entertainment Enterprises Ltd was the top gainer with a 2.4 per cent rise, while HCL Technologies Ltd fell the most. Shares in Yes Bank, down 26 per cent so far this month amid uncertainty over its plans to raise more capital, rose as much as 3.2 per cent. Indiabulls Real Estate's stock climbed 1.4 per cent. The company announced plans late on Sunday to sell commercial assets to Blackstone Group for 8.1 billion rupees ($114 million).

Sensex, Nifty open flat; Yes Bank, Indiabulls Real Estate rise

Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country's crisis-hit shadow banking and real estate sectors.

The plan, announced late on Friday, would see the country's fifth-largest private sector bank by assets seek to sell new stock worth close to its existing market capitalisation of $2.4 billion at the close of trading on Friday.

As a major part of the plan, Yes Bank said it is in talks on a deal to sell shares worth $1.2 billion to Canadian billionaire Erwin Singh Braich and Hong Kong-based SPGP Holdings, which he backs. The bank said it expected those talks to close shortly.

SPGP Holdings did not immediately respond to a request for comment.

Shares of the Mumbai-based Yes Bank closed 2.5% lower ahead of the announcement on Friday. Its stock has risen about 20% since it said late in October it got a binding offer to buy shares of $1.2 billion from an unidentified global investor.

In its announcement, Yes Bank said other investors who have committed to buying shares include Discovery Capital, Aditya Birla Family Office from India and Citax Holdings Ltd &amp; Citax Investment Group.

Discovery did not immediately respond to a request for comment, while Aditya Birla Family Office and Citax weren't immediately reachable.

It also said a leading US&nbsp;fund house would subscribe, saying the name of the investor would be disclosed early next week.

Yes Bank's board of directors will meet on Dec. 10 to "finalise and approve the details of the preferential allotment and convene an extraordinary general meeting subsequently, to obtain the approval of the shareholders," it said.

The preferential allotment will also be subject to regulatory clearance. The approval of the Reserve Bank of India is needed to buy a stake of more than 5% in domestic banks.

Banking analysts say most of the funds raised by Yes Bank will be used to provide for bad loans. The lender's gross bad loans as a percentage of total loans - a measure of asset quality - spiked to 7.39% in last quarter.

Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country's crisis-hit shadow banking and real estate sectors.

Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country's crisis-hit shadow banking and real estate sectors. The plan, announced late on Friday, would see the country's fifth-largest private sector bank by assets seek to sell new stock worth close to its existing market capitalisation of $2.4 billion at the close of trading on Friday. As a major part of the plan, Yes Bank said it is in talks on a deal to sell shares worth $1.2 billion to Canadian billionaire Erwin Singh Braich and Hong Kong-based SPGP Holdings, which he backs. The bank said it expected those talks to close shortly. SPGP Holdings did not immediately respond to a request for comment. Shares of the Mumbai-based Yes Bank closed 2.5% lower ahead of the announcement on Friday. Its stock has risen about 20% since it said late in October it got a binding offer to buy shares of $1.2 billion from an unidentified global investor. In its announcement, Yes Bank said other investors who have committed to buying shares include Discovery Capital, Aditya Birla Family Office from India and Citax Holdings Ltd & Citax Investment Group. Discovery did not immediately respond to a request for comment, while Aditya Birla Family Office and Citax weren't immediately reachable. It also said a leading US fund house would subscribe, saying the name of the investor would be disclosed early next week. Yes Bank's board of directors will meet on Dec. 10 to "finalise and approve the details of the preferential allotment and convene an extraordinary general meeting subsequently, to obtain the approval of the shareholders," it said. The preferential allotment will also be subject to regulatory clearance. The approval of the Reserve Bank of India is needed to buy a stake of more than 5% in domestic banks. Banking analysts say most of the funds raised by Yes Bank will be used to provide for bad loans. The lender's gross bad loans as a percentage of total loans - a measure of asset quality - spiked to 7.39% in last quarter.

Yes Bank seeks up to $2 billion in preferential new share issue

Equity indices pulled back during early hours on Wednesday in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

At 10:15 am, the BSE S&amp;P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower by 58 points to 11,859.

Sectoral indices at the National Stock Exchange were mixed with Nifty realty gaining 2.4 points and pharma by 1.4 points. Nifty auto lost by 0.5 per cent and private bank by 0.4 per cent.

Among stocks, Titan tumbled by 7.8 per cent to Rs 1,182.85 per share. Bharti Infratel, Bharti Airtel, HCL Technologies and Axis Bank too were in the red.

Among the gainers were pharma majors like Cipla, Dr Reddy's and Sun Pharma besides Yes Bank, Mahindra &amp; Mahindra, Tech Mahindra, Coal India and Bharat Petroleum Corporation.

Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China.

MSCI's broadest index of Asia Pacific shares outside Japan was unchanged while Japan's Nikkei stock index rose by 0.35 per cent. Hong Kong's Hang Seng was down by 0.08 per cent and South Korea's Kospi by 0.02 per cent. 
 
&nbsp;

Equity indices pulled back during early hours on Wednesday in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks.

Equity indices pulled back during early hours on Wednesday in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks. At 10:15 am, the BSE S&P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower by 58 points to 11,859. Sectoral indices at the National Stock Exchange were mixed with Nifty realty gaining 2.4 points and pharma by 1.4 points. Nifty auto lost by 0.5 per cent and private bank by 0.4 per cent. Among stocks, Titan tumbled by 7.8 per cent to Rs 1,182.85 per share. Bharti Infratel, Bharti Airtel, HCL Technologies and Axis Bank too were in the red. Among the gainers were pharma majors like Cipla, Dr Reddy's and Sun Pharma besides Yes Bank, Mahindra & Mahindra, Tech Mahindra, Coal India and Bharat Petroleum Corporation. Meanwhile, Asian shares were little changed as investors awaited new developments toward scaling back a protracted trade war between the United States and China. MSCI's broadest index of Asia Pacific shares outside Japan was unchanged while Japan's Nikkei stock index rose by 0.35 per cent. Hong Kong's Hang Seng was down by 0.08 per cent and South Korea's Kospi by 0.02 per cent.

Sensex, Nifty fall in early trade, Asian shares little changed

&nbsp;Yes Bank Ltd said&nbsp;on Thursday it has received a binding offer of $1.2 billion from a global investor as the private-sector lender looks to raise capital through a fresh issue of shares, sending its stock 39 percent higher.

The bank said it was in advanced talks with other investors as well.

The lender's Chief Executive Officer Ravneet Gill had said in September that the bank was close to securing a deal to sell a minority stake to a <a href="https://www.wionews.com/business-economy/yes-bank-in-talks-with-microsoft-other-tech-firms-to-sell-up-to-15-stake-report-254145">global technology company</a>.

News channel CNBC TV18 said citing sources that Hong Kong-based SPGP Holdings was the investor and that the bank's board was likely to consider all proposals on Nov. 1, when it is due to report quarterly results.

Yes Bank did not immediately respond to Reuters' request for details on the offer.

In August, Yes Bank raised nearly $275 million via a qualified institutional placement, a capital-raising tool commonly used in India, to improve its capital adequacy ratio.

The Bank's shares have lost 68.8 percent&nbsp;of their value so far this year, weighed down by its exposure to Jet Airways, infrastructure conglomerate IL&amp;FS, a multi-fold rise in provisions for loan losses and as its asset quality deteriorated sharply.

Yes Bank Ltd said on Thursday it has received a binding offer of $1.2 billion from a global investor as the private-sector lender looks to raise capital through a fresh issue of shares, sending its stock 39 percent higher.

Yes Bank Ltd said on Thursday it has received a binding offer of $1.2 billion from a global investor as the private-sector lender looks to raise capital through a fresh issue of shares, sending its stock 39 percent higher. The bank said it was in advanced talks with other investors as well. The lender's Chief Executive Officer Ravneet Gill had said in September that the bank was close to securing a deal to sell a minority stake to a global technology company. News channel CNBC TV18 said citing sources that Hong Kong-based SPGP Holdings was the investor and that the bank's board was likely to consider all proposals on Nov. 1, when it is due to report quarterly results. Yes Bank did not immediately respond to Reuters' request for details on the offer. In August, Yes Bank raised nearly $275 million via a qualified institutional placement, a capital-raising tool commonly used in India, to improve its capital adequacy ratio. The Bank's shares have lost 68.8 percent of their value so far this year, weighed down by its exposure to Jet Airways, infrastructure conglomerate IL&FS, a multi-fold rise in provisions for loan losses and as its asset quality deteriorated sharply.

Yes Bank gets $1.2 billion offer from global investor

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after <a href="https://www.wionews.com/world/chinas-q3-gdp-growth-slows-to-6-slowest-in-27-years-256577">China`s GDP growth slipped</a> to a 27-year low of 6 per cent in the third quarter of 2019.

The BSE S&amp;P Sensex closed 246 points higher at 39,298 while the Nifty 50 was up 76 points at 11,662. All sectoral indices at the National Stock Exchange (NSE) were in the positive zone except for Nifty media, which dropped by one per cent.

Nifty realty gained by 1.9 per cent, metal by 1.8 per cent and pharma by nearly 1 per cent.Among stocks, Indiabulls Housing Finance closed with a gain of 17.42 per cent at Rs 231.50 on BSE after the company offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December.

Private lender Yes Bank was up by 8.2 per cent, Coal India by 3.3 per cent, Adani Ports by 3.2 per cent and Maruti by 3.1 per cent.

The other prominent gainers were Grasim, Nestle India, Power Grid Corporation, Larsen &amp; Toubro, Bharat Petroleum Corporation and Titan.However, those which lost were Zee Entertainment, Tata Motors, Cipla, Eicher Motors and Hindalco.

Meanwhile, Asian stocks tumbled after China`s economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades.

Shanghai Composite fell by 1.3 per cent which Hong Kong`s Hang Seng slid by 0.48 per cent and South Korea`s Kospi by 0.8 per cent. Japan`s Nikkei was up marginally by 0.18 per cent.

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after China`s GDP growth slipped to a 27-year low of 6 per cent in the third quarter of 2019.

Equity benchmark indices extended morning gains on Friday and ended with gains of 0.6 per cent as global peers slumped after China`s GDP growth slipped to a 27-year low of 6 per cent in the third quarter of 2019. The BSE S&P Sensex closed 246 points higher at 39,298 while the Nifty 50 was up 76 points at 11,662. All sectoral indices at the National Stock Exchange (NSE) were in the positive zone except for Nifty media, which dropped by one per cent. Nifty realty gained by 1.9 per cent, metal by 1.8 per cent and pharma by nearly 1 per cent.Among stocks, Indiabulls Housing Finance closed with a gain of 17.42 per cent at Rs 231.50 on BSE after the company offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December. Private lender Yes Bank was up by 8.2 per cent, Coal India by 3.3 per cent, Adani Ports by 3.2 per cent and Maruti by 3.1 per cent. The other prominent gainers were Grasim, Nestle India, Power Grid Corporation, Larsen & Toubro, Bharat Petroleum Corporation and Titan.However, those which lost were Zee Entertainment, Tata Motors, Cipla, Eicher Motors and Hindalco. Meanwhile, Asian stocks tumbled after China`s economic growth slowed more than expected to 6 per cent year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades. Shanghai Composite fell by 1.3 per cent which Hong Kong`s Hang Seng slid by 0.48 per cent and South Korea`s Kospi by 0.8 per cent. Japan`s Nikkei was up marginally by 0.18 per cent.

Sensex ends 246 points higher, Yes Bank climbs by 8%

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment.

The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77.

Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%.

"People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30.

"Because of the tax cuts, the prospects for earnings growth look very good," he said.

Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season.

The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd.

Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%.

Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down.

Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results. Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment. The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77. Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%. "People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30. "Because of the tax cuts, the prospects for earnings growth look very good," he said. Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season. The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd. Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%. Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down. Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Sensex, Nifty flat as investors eye second-quarter results; Yes Bank, Titan drop

Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.

Shares of the bank were up 4% in early morning trade, after opening up 9%.

The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported, citing two people aware of the discussions.

The bank's chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic investors and family offices to raise additional capital.

The stake sale may fetch the bank around 20 billion rupees ($281.61 million) and could help it work on its digital banking and payment system plans, one of the sources told the newspaper.

Yes Bank and Microsoft did not immediately respond to requests for comment on the report.

Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.

Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday. Shares of the bank were up 4% in early morning trade, after opening up 9%. The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported, citing two people aware of the discussions. The bank's chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic investors and family offices to raise additional capital. The stake sale may fetch the bank around 20 billion rupees ($281.61 million) and could help it work on its digital banking and payment system plans, one of the sources told the newspaper. Yes Bank and Microsoft did not immediately respond to requests for comment on the report.

Yes Bank in talks with Microsoft, other tech firms to sell up to 15% stake: Report

Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth.

The United States said on Wednesday it would slap tariffs on Europe-made planes, liquor, and cheese as punishment for illegal EU aircraft subsidies.

The move follows tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war, which has disrupted supply chains and weighed on global markets.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.63 per cent by 0427 GMT.

<a href="https://www.wionews.com/india-news/india-defends-e-cigarette-ban-in-court-with-attack-on-juul-253200">India</a>'s broader NSE Nifty was down 0.30 per cent at 11,325.60, while the benchmark BSE <a href="https://www.wionews.com/business-economy/sensex-closes-362-points-lower-yes-bank-plunges-by-22-253060">Sensex</a> had fallen by 0.32 per cent to 38,183.36.

While metal stocks led Indian stock indexes lower, shares in lender Yes Bank recovered after a bruising fall to a more than one-decade low earlier this week.

The Nifty metals index fell 2.35 per cent, with Hindalco Industries Ltd declining the most down 4.5 per cent

Yes Bank shares rose 22.5 per cent and were on course for their best one-day gain in six months after Chief Executive Officer Ravneet Gill said before the opening bell that the lender was on a firm financial footing.

Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth.

Indian stocks followed their Asian peers lower on Thursday, as the United States said it would slap tariffs on European goods, adding to slowdown worries at a time when the US-China trade war is already hurting global economic growth. The United States said on Wednesday it would slap tariffs on Europe-made planes, liquor, and cheese as punishment for illegal EU aircraft subsidies. The move follows tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war, which has disrupted supply chains and weighed on global markets. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.63 per cent by 0427 GMT. India's broader NSE Nifty was down 0.30 per cent at 11,325.60, while the benchmark BSE Sensex had fallen by 0.32 per cent to 38,183.36. While metal stocks led Indian stock indexes lower, shares in lender Yes Bank recovered after a bruising fall to a more than one-decade low earlier this week. The Nifty metals index fell 2.35 per cent, with Hindalco Industries Ltd declining the most down 4.5 per cent Yes Bank shares rose 22.5 per cent and were on course for their best one-day gain in six months after Chief Executive Officer Ravneet Gill said before the opening bell that the lender was on a firm financial footing.

Sensex, Nifty slip as United States widens trade war to Europe; Yes Bank recovers

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in.

The BSE S&amp;P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313.

At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty.

The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent.

But among stocks, <a href="https://www.wionews.com/business-economy/sensex-nifty-slip-as-united-states-widens-trade-war-to-europe-yes-bank-recovers-253385">Yes Bank</a>&nbsp;rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics.

He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit.

The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation.

However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent.

Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent.

The other prominent losers were Coal India, Grasim and UltraTech Cements.

Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will <a href="https://www.wionews.com/world/us-widens-trade-war-with-tariffs-on-european-planes-cheese-whisky-to-punish-subsidies-253360">impose tariffs</a> on 7.5 billion dollars of goods from the European Union.

Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent.

Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.

Equity markets traded with a negative bias throughout the trading session on Thursday and closed in the red as profit booking weighed in. The BSE S&P Sensex closed 199 points or 0.5 per cent lower at 38,107 while the Nifty 50 slid by 47 points to 11,313. At the National Stock Exchange (NSE), most sectoral indices were in the red except for auto, media, PSU bank, and realty. The nifty metal was down by 3 per cent, financial service by 1.1 per cent and private bank by 1.02 per cent. But among stocks, Yes Bank rose by 33.59 per cent to Rs 42.75 per share after Managing Director and CEO Ravneet Gill had a conference call with investors and analysts to assure them about the bank's strong fundamentals and operating metrics. He said that Senior Group President and Chief Financial Officer Rajat Monga has decided to quit. The other prominent gains were Bharat Petroleum Corporation, Zee Entertainment, Tata Motors, and Indian Oil Corporation. However, metal stocks suffered badly with Vedanta down by 4.6 per cent, Hindalco by 4 per cent and Tata Steel by 3.4 per cent. Private banks also remained on slippery ground with the IndusInd Bank sliding by 3 per cent, Kotak Mahindra Bank by 2.1 per cent, HDFC Bank by 2 per cent and Axis Bank by 1.7 per cent. The other prominent losers were Coal India, Grasim and UltraTech Cements. Meanwhile, Asian stocks skidded to a one-month low after President Donald Trump's administration announced a day earlier that the United States will impose tariffs on 7.5 billion dollars of goods from the European Union. Japanese Nikkei traded down by over 2 per cent, South Korean Kospi by 1.9 per cent and Shanghai composite index by 0.9 per cent. Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

Sensex closes 199 points lower but Yes Bank jumps over 33%

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

The RBI is predicted to lower its key lending rate or the repo rate&nbsp;by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps.

Most analysts forecast one more cut of 15 bps in December.

Some RBI watchers expect a larger cut this week, after it cut the repo rate but an unconventional 35 bps in August.

"With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut at its policy review later this week in a bid to continue its support towards growth revival," said Yuvika Oberoi, an economist with Yes Bank in Mumbai.

Asia's third-largest economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year.

However, not all economists were as aggressive with their rate cut bets, saying the central bank will likely reserve some firepower and wait to see how inflation pans out.

In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22% from 30%.

But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government's move will do little to fix a lack of spending power, economists say.

"The recent volatility in crude oil prices and the fiscal measures announced by the government will have an impact on inflation in the medium-term and the fiscal deficit," said Shanti Ekambaram, president of consumer banking at Kotak Mahindra Bank.

"Hence, expect the MPC to be more measured in its response with a rate cut of 20-25 bps," she added.

Inflation in August accelerated to a 10-month high but remained well below the central bank's medium-term target of 4% for a 13th straight month.

If the RBI delivers a 25 bps cut as expected, traders will focus on the wording and tone of the monetary policy statement for clues on further easing.

Economists also said the policy transmission process could improve after the RBI mandated banks to link all fresh loans to an external benchmark like the repo rate or the rate on short-term treasury bills since the start of this month.

India's banks have passed only a small portion of the RBI's cuts this year to their customers.

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps. Most analysts forecast one more cut of 15 bps in December. Some RBI watchers expect a larger cut this week, after it cut the repo rate but an unconventional 35 bps in August. "With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut at its policy review later this week in a bid to continue its support towards growth revival," said Yuvika Oberoi, an economist with Yes Bank in Mumbai. Asia's third-largest economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year. However, not all economists were as aggressive with their rate cut bets, saying the central bank will likely reserve some firepower and wait to see how inflation pans out. In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22% from 30%. But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government's move will do little to fix a lack of spending power, economists say. "The recent volatility in crude oil prices and the fiscal measures announced by the government will have an impact on inflation in the medium-term and the fiscal deficit," said Shanti Ekambaram, president of consumer banking at Kotak Mahindra Bank. "Hence, expect the MPC to be more measured in its response with a rate cut of 20-25 bps," she added. Inflation in August accelerated to a 10-month high but remained well below the central bank's medium-term target of 4% for a 13th straight month. If the RBI delivers a 25 bps cut as expected, traders will focus on the wording and tone of the monetary policy statement for clues on further easing. Economists also said the policy transmission process could improve after the RBI mandated banks to link all fresh loans to an external benchmark like the repo rate or the rate on short-term treasury bills since the start of this month. India's banks have passed only a small portion of the RBI's cuts this year to their customers.

RBI set to cut rates again as fiscal measures fail to cheer

<a href="https://www.wionews.com/business-economy/equity-indices-in-negative-zone-but-banking-stocks-gain-252974">Equity benchmark indices</a> closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly.

Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults.

Deepening crises at Punjab and Maharashtra Cooperative (PMC) Bank and Lakshmi Vilas Bank too dented the market mood.

The BSE S&amp;P Sensex closed 362 points or 0.9 per cent lower at 38,305 while the Nifty 50 slid by 115 points to 11,360.

At the National Stock Exchange (NSE), all sectoral indices were in the red. Nifty realty was down by 4.2 per cent, PSU bank by 3.7 per cent, private bank by 1.1 per cent, IT by 1.5 per cent and pharma by 1.05 per cent.

Among stocks, Yes Bank plunged by over 22 per cent intraday to touch an all-time low of Rs 32.20 amid concerns over its exposure to some troubled non-banking finance companies including Indiabulls Housing Finance.

Managing Director and CEO Ravneet Gill refuted market speculation about the capital and liquidity position of the bank calling such talk speculative, unsubstantiated and irresponsible. But the scrip has been falling even as the private lender has got the from the Reserve Bank of India approval to raise more capital.

Shares of RBL Bank also dipped by 7.8 per cent to touch a fresh low of Rs 303 on the BSE over concerns of its exposure to Indiabulls Housing Finance.

IndusInd Bank slipped by 5.6 per cent while State Bank of India was down by 5.4 per cent.

Another prominent loser was Zee Entertainment which lost by 10.8 per cent to close the day at Rs 236.75. The media house is engaged with financial investors who are reportedly willing to pick its 10 per cent stake.

Indiabulls Real Estate closed 4.9 per cent lower at Rs 43.65. Grasim, Bharti Airtel, Cipla, JSW Steel, and UltraTech Cement too closed in the red.

However, the gainers included Bharat Petroleum, IndianOil, Mahindra &amp; Mahindra, Maruti, and HDFC Bank.

Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war. White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges.

Japan's Nikkei rose by 0.59 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent. The rest of the region also saw gains as with exchange-traded fund inflows.

Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Equity benchmark indices closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly. Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults.

Equity benchmark indices closed substantially lower on Tuesday after an extremely volatile session that witnessed banking and financial stocks losing badly. Market sentiment took a hit after Moody's warned that banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults. Deepening crises at Punjab and Maharashtra Cooperative (PMC) Bank and Lakshmi Vilas Bank too dented the market mood. The BSE S&P Sensex closed 362 points or 0.9 per cent lower at 38,305 while the Nifty 50 slid by 115 points to 11,360. At the National Stock Exchange (NSE), all sectoral indices were in the red. Nifty realty was down by 4.2 per cent, PSU bank by 3.7 per cent, private bank by 1.1 per cent, IT by 1.5 per cent and pharma by 1.05 per cent. Among stocks, Yes Bank plunged by over 22 per cent intraday to touch an all-time low of Rs 32.20 amid concerns over its exposure to some troubled non-banking finance companies including Indiabulls Housing Finance. Managing Director and CEO Ravneet Gill refuted market speculation about the capital and liquidity position of the bank calling such talk speculative, unsubstantiated and irresponsible. But the scrip has been falling even as the private lender has got the from the Reserve Bank of India approval to raise more capital. Shares of RBL Bank also dipped by 7.8 per cent to touch a fresh low of Rs 303 on the BSE over concerns of its exposure to Indiabulls Housing Finance. IndusInd Bank slipped by 5.6 per cent while State Bank of India was down by 5.4 per cent. Another prominent loser was Zee Entertainment which lost by 10.8 per cent to close the day at Rs 236.75. The media house is engaged with financial investors who are reportedly willing to pick its 10 per cent stake. Indiabulls Real Estate closed 4.9 per cent lower at Rs 43.65. Grasim, Bharti Airtel, Cipla, JSW Steel, and UltraTech Cement too closed in the red. However, the gainers included Bharat Petroleum, IndianOil, Mahindra & Mahindra, Maruti, and HDFC Bank. Meanwhile, Asian share prices ticked up as some investors hoped that the fourth quarter of the current calendar will bring progress in resolving the US-China trade war. White House Trade Adviser Peter Navarro dismissed reports that the Trump administration is considering delisting Chinese companies from US stock exchanges. Japan's Nikkei rose by 0.59 per cent while MSCI's broadest index of Asia Pacific shares outside Japan inched up by 0.24 per cent. The rest of the region also saw gains as with exchange-traded fund inflows. Chinese markets will be shut for a week to mark 70 years since the founding of the People's Republic of China.

Sensex closes 362 points lower, Yes Bank plunges by 22%

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments.

At 2 pm, the BSE S&amp;P Sensex was down by 496 points or 1.3 per cent at 36,068 while the Nifty 50 slipped by 129 points to 10,711.

At the National Stock Exchange, all sectoral indices were in the red. Nifty media plunged by 4.6 per cent, PSU bank by 2.4 per cent, metal by 2.7 per cent and pharma by 1.8 per cent.

Among stocks, Yes Bank was the top loser which shed 12 per cent to Rs 56.35 per share after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits, one of the private lender's promoter entities.

Other private lenders like IndusInd Bank, ICICI Bank and Axis Bank too were in the red.

Zee Entertainment plunged by 8 per cent following reports that its promoter has been restricted from selling its stake in the media company. Tata Steel and JSW Steel were down by 4.6 per cent and 2.3 per cent respectively.

The other prominent losers were Indiabulls Housing Finance which slipped by 7.7 per cent, Vedanta by 4 per cent and Reliance Industries by 2.1 per cent.

However, those which showed some gains were Tata Motors, Bharti Airtel, Asian Paints, Britannia and Coal India.

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments. At 2 pm, the BSE S&P Sensex was down by 496 points or 1.

Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments. At 2 pm, the BSE S&P Sensex was down by 496 points or 1.3 per cent at 36,068 while the Nifty 50 slipped by 129 points to 10,711. At the National Stock Exchange, all sectoral indices were in the red. Nifty media plunged by 4.6 per cent, PSU bank by 2.4 per cent, metal by 2.7 per cent and pharma by 1.8 per cent. Among stocks, Yes Bank was the top loser which shed 12 per cent to Rs 56.35 per share after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits, one of the private lender's promoter entities. Other private lenders like IndusInd Bank, ICICI Bank and Axis Bank too were in the red. Zee Entertainment plunged by 8 per cent following reports that its promoter has been restricted from selling its stake in the media company. Tata Steel and JSW Steel were down by 4.6 per cent and 2.3 per cent respectively. The other prominent losers were Indiabulls Housing Finance which slipped by 7.7 per cent, Vedanta by 4 per cent and Reliance Industries by 2.1 per cent. However, those which showed some gains were Tata Motors, Bharti Airtel, Asian Paints, Britannia and Coal India.

Sensex drops by 496 points while Nifty hovers around 10,710

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed.

The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains.

The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively.

Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE Nifty, closing down 5.1% and 2.76%, respectively.

Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% — its best intraday spike ever.

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed.

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed. The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains. The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively. Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE Nifty, closing down 5.1% and 2.76%, respectively. Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% — its best intraday spike ever.

Nifty, Sensex snap multi-day rally to end lower

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red.

At 10:15 am, the BSE S&amp;P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995.

At the National Stock Exchange, most sectoral indices were in the negative territory with Nifty PSU banks down by 1.2 per cent and private banks by 0.5 per cent. However, Nifty IT was up by 1.4 per cent.

Among stocks, Yes Bank was lower by 4.4 per cent to trade at Rs 73.30 per share. A day earlier, it had closed 3.3 per cent down to Rs 76.80 per share.

Indiabulls Housing Finance too slipped over 3 per cent lower while Britannia lost by 1.6 per cent. UltraTech Cement and Coal India lost by 1.5 per cent each.

However, IT stocks showed some gains with Infosys up by 2 per cent, Tata Consultancy Services by 1.5 per cent and Tech Mahindra by 1.2 per cent.

Pharma major Dr Reddy's was up by 1.4 per cent while Hero MotoCorp too was in the positive territory despite a countrywide slowdown in the auto sector.

Meanwhile, Asian shares were mixed with investors hoping for more stimulus in major economies to avert a global recession.

The Shanghai Composite slipped 0.1 per cent and Hong Kong's Hang Seng Index dropped 0.3 per cent. But Japan's Nikkei traded 0.4 per cent higher and South Korea's KOSPI also gained 0.4 per cent.

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red. At 10:15 am, the BSE S&P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995.

Equity indices were volatile during early hours on Tuesday with most sectoral indices in the red. At 10:15 am, the BSE S&P Sensex was down by 144 points at 37,259 while the Nifty 50 edged lower by 58 points to 10,995. At the National Stock Exchange, most sectoral indices were in the negative territory with Nifty PSU banks down by 1.2 per cent and private banks by 0.5 per cent. However, Nifty IT was up by 1.4 per cent. Among stocks, Yes Bank was lower by 4.4 per cent to trade at Rs 73.30 per share. A day earlier, it had closed 3.3 per cent down to Rs 76.80 per share. Indiabulls Housing Finance too slipped over 3 per cent lower while Britannia lost by 1.6 per cent. UltraTech Cement and Coal India lost by 1.5 per cent each. However, IT stocks showed some gains with Infosys up by 2 per cent, Tata Consultancy Services by 1.5 per cent and Tech Mahindra by 1.2 per cent. Pharma major Dr Reddy's was up by 1.4 per cent while Hero MotoCorp too was in the positive territory despite a countrywide slowdown in the auto sector. Meanwhile, Asian shares were mixed with investors hoping for more stimulus in major economies to avert a global recession. The Shanghai Composite slipped 0.1 per cent and Hong Kong's Hang Seng Index dropped 0.3 per cent. But Japan's Nikkei traded 0.4 per cent higher and South Korea's KOSPI also gained 0.4 per cent.

Sensex slips over 100 points, Nifty below 11,000

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated.

The broader NSE Nifty ended 0.64% lower at 11,346.2, while the benchmark BSE Sensex closed down 0.8% at 38,031.13. Both indexes marked their worst closing levels since mid-May.

Lending bellwether HDFC Bank, down 3.1%, was among the top drags on the indexes, after provisions jumped over 60%, gross bad loans ticked up, and loan growth slowed.

Housing Development Finance Corporation Ltd, which holds the biggest stake in HDFC Bank, was the biggest percentage loser on the indexes, closing 5.1% lower.

Meanwhile, Yes Bank Ltd surged 9.5% and miner Vedanta Ltd advanced 3.7%.

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated.

Indian shares ended lower for a third straight session on Monday as financial stocks took a beating, with HDFC Bank Ltd closing at an over two-month low after quarterly provisions surged and asset quality deteriorated. The broader NSE Nifty ended 0.64% lower at 11,346.2, while the benchmark BSE Sensex closed down 0.8% at 38,031.13. Both indexes marked their worst closing levels since mid-May. Lending bellwether HDFC Bank, down 3.1%, was among the top drags on the indexes, after provisions jumped over 60%, gross bad loans ticked up, and loan growth slowed. Housing Development Finance Corporation Ltd, which holds the biggest stake in HDFC Bank, was the biggest percentage loser on the indexes, closing 5.1% lower. Meanwhile, Yes Bank Ltd surged 9.5% and miner Vedanta Ltd advanced 3.7%.

Nifty, Sensex close lower as HDFC Bank drags

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.

The broader NSE Nifty closed up 0.64% at 11,662.6, while the benchmark <a href="https://www.google.com/url?client=internal-uds-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/post-budget-sensex-down-over-630-points-pnb-stocks-falls-further-233908&amp;sa=U&amp;ved=2ahUKEwifjN6upLnjAhViguYKHd50C0gQFjACegQIEBAC&amp;usg=AOvVaw0bCZs3sQ08IfmUpzUTVTVp">BSE Sensex</a> settled 0.6% higher at 39,131.04.

Private-sector lender Yes Bank, due to report quarterly results on Wednesday, surged 11.4% to its best closing level in two weeks. This was also its best daily performance since mid-Feb.

Automaker Tata Motors jumped 5.6% to its highest close since June 11.

Top IT firm Tata Consultancy Services Ltd, down 1.9%, was the biggest loser on the indexes.

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months. The broader NSE Nifty closed up 0.64% at 11,662.6, while the benchmark BSE Sensex settled 0.6% higher at 39,131.04. Private-sector lender Yes Bank, due to report quarterly results on Wednesday, surged 11.4% to its best closing level in two weeks. This was also its best daily performance since mid-Feb. Automaker Tata Motors jumped 5.6% to its highest close since June 11. Top IT firm Tata Consultancy Services Ltd, down 1.9%, was the biggest loser on the indexes.

Sensex and Nifty close higher as Tata Motors, Yes Bank surge

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours.&nbsp;

Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25.

In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15.

Top losers in the Sensex pack in early trade included Yes Bank, Tata Steel, Asian Paints, HUL, SBI and RIL, shedding up to 1.55 per cent.

On the other hand, PowerGrid, Infosys, IndusInd Bank, HCL Tech, Vedanta, M&amp;M, Bajaj Finance and HDFC rose up to 1.42 per cent.

Investors have turned cautious ahead of the US Federal Reserve's policy meeting, scheduled to begin later in the day, traders said.

According to experts, market is finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements.

Further adding to worries are concerns around an escalation of the trade war between the US and China, and impacts for India, as well as US data that showed that the economy may not need a rate cut imminently, they said.

Elsewhere in Asia, while Shanghai Composite Index, Hang Seng and Kospi were trading on a positive note in their respective early sessions, while Nikkei was trading in the red.

Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday.

On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar.

The global oil benchmark Brent crude futures were trading 0.10 per cent lower at 60.88 per barrel.

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns. After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours. Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25. In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15. Top losers in the Sensex pack in early trade included Yes Bank, Tata Steel, Asian Paints, HUL, SBI and RIL, shedding up to 1.55 per cent. On the other hand, PowerGrid, Infosys, IndusInd Bank, HCL Tech, Vedanta, M&M, Bajaj Finance and HDFC rose up to 1.42 per cent. Investors have turned cautious ahead of the US Federal Reserve's policy meeting, scheduled to begin later in the day, traders said. According to experts, market is finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements. Further adding to worries are concerns around an escalation of the trade war between the US and China, and impacts for India, as well as US data that showed that the economy may not need a rate cut imminently, they said. Elsewhere in Asia, while Shanghai Composite Index, Hang Seng and Kospi were trading on a positive note in their respective early sessions, while Nikkei was trading in the red. Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday. On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar. The global oil benchmark Brent crude futures were trading 0.10 per cent lower at 60.88 per barrel.

Sensex, Nifty turn cautious ahead of US Fed policy meet

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues.

Investors were also cautious ahead of the release of inflation and factory output numbers, traders said.

After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48 per cent, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10.

Similarly, the broader NSE Nifty fell 59.40 points, or 0.50 per cent, to close at 11,906.20. During the day, the index touched a low of 11,866.35 and a high of 11,962.45.

Yes Bank was the worst performer in the Sensex pack, declining 3.34 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade.

Other losers included Maruti, Kotak Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79 per cent.

On the other hand, Tata Steel, ONGC, Vedanta, Sun Pharma, TCS, RIL, HUL and ITC bucked the weak market trend and gained up to 2.60 per cent.

According to experts, the market mood turned negative tracking weak cues from overseas markets after US President Donald Trump Tuesday said he was not interested in a trade deal with China unless it agreed to four-five major points.

Elsewhere in Asia, Shanghai Composite Index fell 0.56 per cent, Hang Seng ended 1.73 per cent lower, Nikkei slipped 0.35 per cent and Kospi shed 0.14 per cent.

Bourses in Europe were also trading in the red in their early deals.

On the currency front, the Indian rupee appreciated 10 paise to 69.34 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, dived 2.57 per cent to $60.69 per barrel.

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues.

Snapping its three-day rising streak, domestic equity benchmark BSE Sensex ended 194 points lower Wednesday, dragged by losses in banking and auto stocks amid weak global cues. Investors were also cautious ahead of the release of inflation and factory output numbers, traders said. After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48 per cent, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10. Similarly, the broader NSE Nifty fell 59.40 points, or 0.50 per cent, to close at 11,906.20. During the day, the index touched a low of 11,866.35 and a high of 11,962.45. Yes Bank was the worst performer in the Sensex pack, declining 3.34 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade. Other losers included Maruti, Kotak Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79 per cent. On the other hand, Tata Steel, ONGC, Vedanta, Sun Pharma, TCS, RIL, HUL and ITC bucked the weak market trend and gained up to 2.60 per cent. According to experts, the market mood turned negative tracking weak cues from overseas markets after US President Donald Trump Tuesday said he was not interested in a trade deal with China unless it agreed to four-five major points. Elsewhere in Asia, Shanghai Composite Index fell 0.56 per cent, Hang Seng ended 1.73 per cent lower, Nikkei slipped 0.35 per cent and Kospi shed 0.14 per cent. Bourses in Europe were also trading in the red in their early deals. On the currency front, the Indian rupee appreciated 10 paise to 69.34 against the US dollar intra-day. Brent crude futures, the global oil benchmark, dived 2.57 per cent to $60.69 per barrel.

Sensex slumps 194 points; Yes Bank tumbles over 3%

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues.

After swinging over 400 points, the BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The index hit an intra-day high of 39,703.10 and a low of 39,279.47.

Similarly, the broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65. During the day, the index touched a high of 11,897.50 and a low of 11,769.50.

During the week, the Sensex fell 98.30 points and the broader Nifty lost 52.15 points.

Top gainers in the Sensex pack Friday included IndusInd Bank, Bajaj Finance, M&amp;M, SBI, ICICI Bank and Vedanta, rising up to 1.90 per cent.

On the other hand, Yes Bank, PowerGrid, Sun Pharma, Coal India, Bajaj Auto, ONGC and RIL were among the top losers, dropping up to 2.37 per cent.

The Indian rupee depreciated 20 paise to 69.48 against the US dollar. 
Meanwhile, other Asian bourses ended on a mixed note, while Europe was trading in the green in opening deals.

Brent crude futures, the global oil benchmark, rose 1.20 per cent to USD 62.41 per barrel.&nbsp;

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues. After swinging over 400 points, the BSE gauge settled 86.

The BSE benchmark Sensex ended 86 points higher after a highly volatile session Friday tracking mixed domestic and global cues. After swinging over 400 points, the BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The index hit an intra-day high of 39,703.10 and a low of 39,279.47. Similarly, the broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65. During the day, the index touched a high of 11,897.50 and a low of 11,769.50. During the week, the Sensex fell 98.30 points and the broader Nifty lost 52.15 points. Top gainers in the Sensex pack Friday included IndusInd Bank, Bajaj Finance, M&M, SBI, ICICI Bank and Vedanta, rising up to 1.90 per cent. On the other hand, Yes Bank, PowerGrid, Sun Pharma, Coal India, Bajaj Auto, ONGC and RIL were among the top losers, dropping up to 2.37 per cent. The Indian rupee depreciated 20 paise to 69.48 against the US dollar. Meanwhile, other Asian bourses ended on a mixed note, while Europe was trading in the green in opening deals. Brent crude futures, the global oil benchmark, rose 1.20 per cent to USD 62.41 per barrel.

Sensex ends 86 points higher; Nifty below 11,900

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.

After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. The gauge hit an intra-day high of 39,828.65 and a low of 39,498.65.

Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. During the day, the bourse hit a high of 11,958.55 and a low of 11,864.90.

Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent.&nbsp;

Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent.

On the other hand, Hero MotoCorp, Bajaj Auto, Bharti Airtel, L&amp;T, Bajaj Finance, M&amp;M, Tata Steel, HDFC, Kotak Bank and ITC were the major laggards, shedding up to 2.55 per cent.

The broader BSE midcap and smallcap indices closed up to 0.41 per cent higher.

A renewed sense of positivity has been dictating domestic bourses ever since the BJP-led National Democratic Alliance (NDA) won the general elections.

Positive cues from other Asian markets and sustained foreign fund inflows too boosted investor sentiment here, traders said.

Foreign institutional investors bought equity worth Rs 1,215.36 crore on Monday, while domestic institutional investors sold shares to the tune of Rs 327.86 crore, provisional data available with stock exchanges showed.

Meanwhile, the Indian rupee depreciated 20 paise to 69.71 against the US dollar.

Brent crude, the global benchmark, was trading 0.33 per cent higher at 69 per barrel.

Globally, bourses in Asia ended on a positive note, while those in Europe were trading in the red in their respective early deals.

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues. After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. The gauge hit an intra-day high of 39,828.65 and a low of 39,498.65. Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. During the day, the bourse hit a high of 11,958.55 and a low of 11,864.90. Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent. Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent. On the other hand, Hero MotoCorp, Bajaj Auto, Bharti Airtel, L&T, Bajaj Finance, M&M, Tata Steel, HDFC, Kotak Bank and ITC were the major laggards, shedding up to 2.55 per cent. The broader BSE midcap and smallcap indices closed up to 0.41 per cent higher. A renewed sense of positivity has been dictating domestic bourses ever since the BJP-led National Democratic Alliance (NDA) won the general elections. Positive cues from other Asian markets and sustained foreign fund inflows too boosted investor sentiment here, traders said. Foreign institutional investors bought equity worth Rs 1,215.36 crore on Monday, while domestic institutional investors sold shares to the tune of Rs 327.86 crore, provisional data available with stock exchanges showed. Meanwhile, the Indian rupee depreciated 20 paise to 69.71 against the US dollar. Brent crude, the global benchmark, was trading 0.33 per cent higher at 69 per barrel. Globally, bourses in Asia ended on a positive note, while those in Europe were trading in the red in their respective early deals.

Sensex, Nifty clock fresh closing highs on fund inflows

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues.

After gyrating over 500 points, the 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88. The index hit an intra-day low of 37,047.87 and a high of 37,559.67.

Similarly, the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157. During the day, the gauge hit a low of 11,136.95 and a high of 11,286.80.

Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.

IndusInd Bank, Coal India, Sun Pharma, PowerGrid, Bharti Airtel, Axis Bank, Tata Steel, HUL, Maruti, L&amp;T, M&amp;M, ICICI Bank, HDFC and RIL too ended in the red, shedding up to 3.66 per cent.

On the other hand, Bajaj Finance was the top gainer, spurting 4.11 per cent, followed by ITC, Kotak Bank, Infosys and TCS, ending up to 1.05 per cent higher.

According to experts, investors are not very aggressive as every rally is being used as an opportunity to book profits. Market is also watchful of quarterly earnings and election verdict.

Sustained foreign fund outflow too weighed on investor sentiment, they added.

Foreign institutional investors net sold equities worth Rs 2,011.85 crore on Tuesday, while domestic institutional investors purchased shares to the tune of Rs 2,242.91 crore, provisional data available with stock exchanges showed.

Bourses in China, Japan and Korea ended in the green after US President Donald Trump hinted at the possibility of a trade deal with China.

European stocks, however, opened on a weak note.

Meanwhile, the Indian rupee appreciated by 11 paise to 70.33 against the US dollar intra-day.

Global oil benchmark Brent crude was trading 0.66 per cent lower at USD 70.77 per barrel.&nbsp;

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. After gyrating over 500 points, the 30-share BSE benchmark closed 203.

The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. After gyrating over 500 points, the 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88. The index hit an intra-day low of 37,047.87 and a high of 37,559.67. Similarly, the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157. During the day, the gauge hit a low of 11,136.95 and a high of 11,286.80. Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent. IndusInd Bank, Coal India, Sun Pharma, PowerGrid, Bharti Airtel, Axis Bank, Tata Steel, HUL, Maruti, L&T, M&M, ICICI Bank, HDFC and RIL too ended in the red, shedding up to 3.66 per cent. On the other hand, Bajaj Finance was the top gainer, spurting 4.11 per cent, followed by ITC, Kotak Bank, Infosys and TCS, ending up to 1.05 per cent higher. According to experts, investors are not very aggressive as every rally is being used as an opportunity to book profits. Market is also watchful of quarterly earnings and election verdict. Sustained foreign fund outflow too weighed on investor sentiment, they added. Foreign institutional investors net sold equities worth Rs 2,011.85 crore on Tuesday, while domestic institutional investors purchased shares to the tune of Rs 2,242.91 crore, provisional data available with stock exchanges showed. Bourses in China, Japan and Korea ended in the green after US President Donald Trump hinted at the possibility of a trade deal with China. European stocks, however, opened on a weak note. Meanwhile, the Indian rupee appreciated by 11 paise to 70.33 against the US dollar intra-day. Global oil benchmark Brent crude was trading 0.66 per cent lower at USD 70.77 per barrel.

Sensex tumbles 204 points, Nifty ends below 11,200

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