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Markets end flat; Yes Bank tanks 13%

June 13, 2019 16:53 IST

IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent.

Domestic equity benchmark BSE Sensex ended marginally lower while the NSE Nifty closed a tad higher on Thursday amid mixed cues from domestic and global markets.

After plunging over 300 points during the day, the BSE gauge pared most losses to settle 15.45 points, or 0.04 per cent, lower at 39,741.36.

 

The index hit an intra-day low of 39,461.27 and a high of 39,800.81.

The broader NSE Nifty inched up 7.85 points, or 0.07 per cent, to close at 11,914.05.

During the day, the index touched a low of 11,817.05 and a high of 11,931.35.

Yes Bank was the biggest loser in the Sensex pack for the second consecutive session, plummeting 12.96 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade.

IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent.

Top gainers included PowerGrid, M&M, Kotak Bank, Bajaj Finance, Bharti Airtel and HDFC twins, rising up to 1.54 per cent.

According to experts, market mood was subdued amid rising uncertainty over trade talks between the US and China.

However, losses were capped as investors took positive cues from factory output numbers, released after market hours on Wednesday.

India's industrial output grew to a six-month high of 3.4 per cent in April mainly on account of improvement in mining and power generation, while retail inflation spiked to a seven-month high of 3.05 per cent in May, though remaining within the RBI's comfort level.

Photograph: Shailesh Andrade/Reuters

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