Category: Yes Bank

Moody’s downgrades YES Bank ratings, changes outlook to negative

Source: economictimes.indiatimes.com Mumbai: Global ratings agency Moody’s Investors Service downgraded private sector lender Yes BankNSE -3.53 % deeper in to junk on Wednesday, raising concerns over lower than expected capital raising and its ability to raise further funds. The ratings of the private lender’s long term foreign and local currency bank deposit ratings was downgraded

Yes Bank shares slip to 5-year low, tumble over 8%

Source: livemint.com New Delhi: Shares of Yes Bank continued to slip for the third straight session as investors remain cautious amid concerns over the bank’s exposure to CG Power and Industrial Solutions which has been hit by alleged financial irregularities and unauthorised transactions. Shares of Yes Bank closed at ₹65.40, down 8.21% on BSE. On NSE, the

MARKET WRAP: Sensex slips 316 pts from day’s high, ends 52 pts up; PSBs dip

Source: business-standard.com Domestic indices pared gains in the afternoon trade to end flat on Monday. The benchmark S&P BSE Sensex rose 316 points to touch an intra-day high of 37,719 after hopes of a revivial package from the government lifted sentiment at D-Street. Sentiment was also supported by gains in the Asian markets. The S&P BSE Sensex ended 52 points, or 0.14

Nifty losses over 2%, Pharma sector outperforms

Source: indiainfoline.com After witnessing a fantastic Thursday rally amid short-covering, Friday saw profit booking once again dragging the indices to close the week in the red. Markets ended lower despite the US indices hitting all-time highs. For the week, the Infra index plunged 3.7%, Bank Nifty declined 2.8%, FMCG and Energy index were down 2.5%