Benchmark indices slightly lower as Yes Bank shares nosedive

Market benchmarks Sensex and Nifty Tuesday closed with marginal losses after a volatile session as a massive 30 per cent plunge in Yes Bank shares overwhelmed the gains in HDFC twins and IT stocks.

The BSE Sensex closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15.

After a three-day break, Indian bourses started off the session Tuesday on a negative note and struggled through the day fighting volatility. Indian financial markets were closed on Monday due to elections in Maharashtra.

The 30-share gauge opened lower at 39,056.92 and touched a low of 38,753.46 and a high of 39,105.88 -- swinging over 352 points during the session.

Similarly, the NSE benchmark Nifty started on a weak note at 11,748.75 and fell further to hit a low of 11,655.90 during the day. Its high was 11,756.25.

A fresh round of panic gripped banks and finance company stocks as Yes bank delivered a large March quarter loss and two of ...