Indian shares dragged by plunging Yes Bank; IT stocks gain [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Indian shares dragged by plunging Yes Bank; IT stocks gain - Reuters 3 Min Read * NSE index down 0.5 pct, BSE index down 0.4 pct * State-run banks among biggest losers * Hero MotoCorp falls on weak qtrly results By Krishna V Kurup April 30 (Reuters) - Indian shares declined on Tuesday, dragged by Yes Bank Ltd after the private-sector lender posted its first quarterly loss due to a surge in provisions for bad loans. The broader NSE index was down 0.46 percent at 11,700.60 as of 0647 GMT, while the benchmark BSE index fell 0.4 percent to 38,895.66. Yes Bank’s shares fell as much as 30 percent in their worst day since September 21, 2018. The stock hit its lowest level since December 11, 2018 in heavy trading, with more than 147 million Yes shares traded, compared to their 30-day average of 35.8 million shares. The lender posted a loss of 15.07 billion rupees ($216 million) for the quarter ended March 31, while analysts were expecting a profit of 10.70 billion rupees. Provisions and conti
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Earnings
- 4/19/24 - Beat
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Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website