Yes bank shares | Tremendous fall in stock market, Yes Bank shares surge, NIFTY 50

Tremendous fall in stock market, Yes Bank shares surge, NIFTY 50

 

The first day of the week Monday is considered to be the most important day according to business, today is not a good day for businessman and traders. After the day's ups and downs, today the Sensex, the major index of the Mumbai Stock Exchange, closed at 31,390.07, after losing 2713.41 points. At the same time, the Nifty of the National Stock Exchange closed at the level of 9199.10 after the fall of 756.10 points.Investors lost more than Rs 7 lakh crore in 1 day.

Let's know how it was today, which stock closed at what level.

Talking about the big stocks, the shares of all the companies on

NSC, except Yes Bank, closed on the red mark.

Declining stocks include the following companies.

• Zee Limited (-9.08 per cent)
• Infosys (-9.21 percent)
• Adani Ports (-9.72 per cent)
• HDFC (-10.10 per cent)
• Tata Steel (-10.70 per cent)
• Axis Bank (-10.31%)
• Vedanta Limited (-10.89 per cent)
• JSW Steel (-14.82 per cent)
• IndusInd Bank (-18.35%)

YES Bank shares up 45 percent

Talk about Yes Bank, Yes Bank's stock rose strongly today, Talking about the last few days, Yes Bank's condition was not very good, but now Yes Bank's condition is improving gradually. There is a relief news for Yes Bank customers, Yes Bank had tweeted and informed that after 6:00 pm on March 18, 2020, customers will be able to carry out normal transactions from their account. 

The bank account holders will be able to transact from all 1132 branches. Last week, the government had notified the plan for restructuring the Yes Bank to revive Yes Bank, which is struggling with economic crisis. Hence today a huge jump in bank shares was seen.

Sectoral index tracking

If we look at the sectoral index, then all the sectors closed on the red mark. These include Metal, Pharma, IT, Realty, Media, Auto, PSU Bank, FMCG and Private Banks.

Foreign investors are scared.

Fear of global slowdown in FPI has increased, fearing that the FPI has withdrawn more than 37000 crores net from the Indian capital market.FPI had taken a net withdrawal of more than Rs 6000 crore from the domestic market on Friday itself.