Markets End Higher; Yes Bank Slides Further

It was not a very volatile session for the Indian markets, with the benchmark indices trading in a tight range during the course of the day.

The Sensex ended the day with gains of 92 points, while the Nifty was up 32 points in trade. Leading the set of gainers in trade was Vedanta, Britannia and Zee from the Nifty space.

The biggest loser today was Yes bank, which fell another 9 per cent in trade. The stock has fallen almost 18 per cent, since the board meeting, which did not reveal any concrete plans for fund raising.

Shares in IndusInd also dropped, after its quarterly numbers missed estimates. Shares in Bandhan Bank also fell marginally in trade, after its asset quality widened a little.

Shares in Wipro was up, ahead of the results to be declared by the company.

Meanwhile, most Asian markets ended the day with gains, while the European markets were also in the positive territory. The German DAX, French CAC and the UK's FTSE were all higher in trade.

Markets have already run-up a great deal and analysts are advising some caution, while investing. Some of the largecaps, especially the big names have run-up too fast. Meanwhile, the rupee was trading absolutely flat at 70.85 to the dollar.

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