YES Bank zooms 29% on deal buzz by SBI

Published On: Thursday, March 5, 2020 | By: Team KnowMyStock

Shares of State Bank of India (SBI) slipped over 5 per cent in the intra-day trade on Thursday after news agency Bloomberg reported that the Government has asked SBI to form a consortium for stake purchase of the Yes Bank. The stock, however, reversed all its losses later and turned green. While on the other hand Shares of YES Bank spiked over 29 per cent and ended at Rs.36.80. YES Bank has so far failed to bring a strategic investor. Reports recently suggested that the private bank had approached mutual funds for raising fresh equity capital worth $300-$500 million. It also had to postpone its December 2019 quarter results as it was in talks with potential investors for raising equity capital.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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