Sensex, Nifty Snap Three-Day Winning Streak; Yes Bank Slumps 13%

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Sensex, Nifty Snap Three-Day Winning Streak; Yes Bank Slumps 13%

All the 19 sector gauges compiled by BSE ended lower led by the S&P BSE Auto and Metal indexes over 2 per cent declines.

The S&P BSE Sensex and NSE Nifty 50 Indexes snapped their three day winning streak paced by losses in Yes Bank, Tata Motors, Reliance Industries, Tata Consultancy Services and State Bank of India. The equity benchmarks opened lower in today's session owing to weakness in auto, energy and consumer durable shares. But extended declines in last hour of trade after banking shares witnessed heightened selling pressure. The Sensex fell over 350 points to fall below 39,000 mark while the Nifty 50 Index touched an intraday low of 11,582.
The Sensex ended 0.81 per cent or 318 points lower at 38,897 and the NSE Nifty 50 Index declined 0.78 per cent or 91 points to close at 11,597.
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All the 19 sector gauges compiled by BSE ended lower led by the S&P BSE Auto and Metal indexes over 2 per cent declines.


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