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Stock impact report

Sensex dragged by plunging Yes Bank; IT stocks gain [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
Sensex dragged by plunging Yes Bank; IT stocks gain - Reuters 3 Min Read (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 Nifty was down 0.46 percent at 11,700.60 as of 0647 GMT, while the benchmark Sensex 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 contingencies surged to 36.62 billion rupees from 4 billion rupees a year ago. Financial companies accounted for most of the weakness on the Nifty. State-run lenders were battered Show less Read more
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