Stock markets drift with negative bias, Yes Bank falls 25 per cent - News Summed Up

Stock markets drift with negative bias, Yes Bank falls 25 per cent


At 10:15 am, the BSE S&P Sensex was down 274 points at 38,793 while the NSE Nifty slipped 88 points to 11,666. Yes Bank lost over 25 per cent following bad corporate results for Q4 of FY 19. IndusInd Bank and Indiabulls Housing Finance slipped more than 6 per cent each while Bharti Infratel and Sun Pharma were down over 3 per cent. However, Asian Paints, Indian Oil, HCL Tech, Tech Mahindra and Dr Reddy showed marginal gains. Official and private business surveys pointed to slower Chinese factory growth in April, disappointing investors who were hoping for a faster expansion due to government stimulus package.


Source: dna April 30, 2019 04:52 UTC



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