Equity benchmark indices opened lower tracking cues from Asian markets. The Indian rupee opened lower at 70.87 per dollar on Thursday vs. its previous close 70.80/$.
Shares of Yes Bank climbed 25% on the BSE in Thursday’s morning trade as the Reserve Bank of India (RBI) has not found any divergence in the asset classification and provisioning done by the lender during 2017-18. Around 0.9% equity worth Rs464cr traded in multiple blocks on the NSE at an average of Rs210 per share.
The Sensex is down 78 points at 35,956, while the Nifty slipped 25 points at 10,768. The market breadth was negative with 590 shares advancing, 894 shares declining, and 554 remaining unchanged.
In the broader market, the BSE Midcap index was trading 57 points lower at 13,978, while the BSE Smallcap index was trading lower at 13,299, down 41 points.
Yes Bank, Indiabulls HF, Hero MotoCorp, Cipla, and Eicher are trading higher on the NSE, while Airtel, Infratel, Kotak Mahindra Bank, and Coal India are trading lower.
Volatility index India VIX was up 0.61% at 15.82.
The most active stocks were Yes Bank, Indiabulls HF, HDFC, RIL, and Adani Ports.