INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Tuesday's session on a weak note dragged lower by Yes Bank whose shares plunged after the private sector bank
reported a quarterly net loss
The SP BSE Sensex fell as much as 219.47 points to 38,847.86 in early deals, while the NSE Nifty moved to 11,686.65, down 68 points from the
Selling in banking and auto stocks pushed the markets lower, however buying in energy stocks kept the downside in check.Indiabulls Housing
Finance, IndusInd Bank, Bharti Infratel, Sun Pharma, Maruti Suzuki and Hero MotoCorp 2.15 5.82At 9:42 am, the Sensex traded 186.77 points
lower at 38,880.56 and the Nifty was down 55.60 points at 11,699.05
Besides Yes Bank, Indiabulls Housing Finance, IndusInd Bank, Bharti Infratel, Sun Pharma, Maruti Suzuki and Hero MotoCorp - trading between
2.15 per cent and 5.82 per cent lower - were among the prominent laggards on the 50-scrip index at the time.Yes Bank, Reliance Industries,
IndusInd Bank were the top contributors to the declines on Sensex.Shares in Yes Bank plunged as much as 29.76 per cent in morning deals,
after the private sector lender reported a net loss of Rs
1,506 crore for the quarter ended March 31 as provisions soared over nine-times
Yes Bank had posted a net profit of Rs
1,179 crore for the corresponding period a year ago.Equities in other Asian markets fell with MSCI's broadest gauge of Asia-Pacific shares
outside Japan dropping 0.7 per cent, after weak Chinese manufacturing data underscored weakness in the world's second-largest
economy.Japan's financial markets remained closed for a national holiday.The Sensex and Nifty had closed 0.87 per cent and 0.97 per cent
higher on Friday respectively
The domestic financial markets remained closed on Monday as nine states including Maharashtra voted under Phase 4 of the general
election.(With inputs from Reuters)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
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