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Sensex drops by 100 points; Yes, Bank is up and running, Tanks 9 percent

Mumbai: BSE Sensex, the benchmark for domestic equities, fell more than 100 points in the early trading afternoon amid a strong outflow of foreign funds and negative global signals.

The 30-share index was trading 130.35 points, or 0.33 percent, lower at 39,626.46 at 9:40 AM. Similarly, the wider NSE quoted Nifty 35.90 points, or 0.30 percent, to 11,870.30.

In the previous session on Wednesday, the BSE meter reached 193.65 points, or 0.48 percent, lower at 39.756.81; and Dexterity fell 59.40 points, or 0.50 percent, to close at 11,906.20.

Yes, Bank performed the worst in the Sensex package and fell to 8.73 percent, after Moody & # 39; s assessed the assessments of the private sector lenders for a possible reduction.

IndusInd Bank, Sun Pharma, Vedanta, Tata Steel, Infosys, Hero MotoCorp, Bajaj Auto and Tata Motors also stood out at 5.75 percent.

On the other hand, L & T, TCS, Axis Bank, Bharti Airtel, Asian Paints and Bajaj Finance rose to 1.20 percent.

According to experts, market sentiment was negative and weak signals from global markets followed amid growing uncertainty about trade negotiations between the US and China.

While the Shanghai Composite Index acted positively, Hang Seng, Nikkei and Kospi acted in the red in their respective early sessions.

Wall Street exchanges also ended lower on Wednesday.

The heavy outflow of foreign funds also weighed on investor sentiment, traders said.

Foreign institutional investors sold shares with a value of Rs 1,050.43 crore, while domestic institutional investors bought shares to the rhythm of Rs 271.15 crore, preliminary data available with stock exchanges showing on Wednesday.

On the currency front, the Indian rupee fell slightly to 69.37 against the US dollar.

The global oil benchmark Brent crude futures traded 0.08 percent lower at 59.92 per barrel.

. (tagsToTranslate) Asian Paints (t) Ash Bank (t) Bajaj Car (t) Bharti Airtel (t) bse (t) Held MotoCorp (t) IndusInd Bank (t) Infosys (t) Handy (t) sensex (t) Sun Pharma (t) Tata Motors (t) tata steel (t) tcs (t) vedanta (t) wall street (t) Yes Bank

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