In the broader market, the BSE MidCap index was trading 154 points lower at 14,909, while the BSE SmallCap index was ruling at 14,669, down 144 points.
On the sectoral front, Nifty realty, Bank Nifty, auto and financial indices were under pressure, while IT and FMCG stocks were in the green.
Shares of Yes Bank tanked 25% in the morning trade on Tuesday. The bank reported a net loss in the quarter ended March 2019 on the back of a spike in bad loans. The bank has reported a net loss of Rs1,506.6cr against the consensus estimates of a profit of Rs1,050cr.
The Sensex fell 147 points at 38,920 and the Nifty50 was down 54 points at 11,701. The market breadth was negative on the NSE with 385 shares advancing, 1,178 shares declining, and 526 remaining unchanged.
In the broader market, the BSE MidCap index was trading 154 points lower at 14,909, while the BSE SmallCap index was ruling at 14,669, down 144 points.
Asian Paints, HCL Tech, HDFC Bank, and Tech Mahindra were top gainers on NSE, while Yes Bank, Indiabulls HF, and Sun Pharma fell the most.
Brent crude slipped in today’s trade after the US pressed OPEC to cover the shortfall caused after economic sanctions were imposed on Iran. Reacting to these shares of IOC, ONGC, and BPCL gained nearly 1% each.
The Volatility gauge, India VIX is marginally up 0.49% at 21.82.
The most active stocks on the NSE are Yes Bank, Maruti, Reliance, and Indiabulls HF.
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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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