Sensex gains 87 pts, Nifty ends at 10850; Yes Bank jumps 14%

Sensex gains 87 pts, Nifty ends at 10850; Yes Bank jumps 14%

New Delhi, Jan 24: The benchmark indices snapped out of their two-session losing streak, ending a tad higher on Thursday led by a sharp rally in YES Bank.
The S&P BSE Sensex ended at 36,195, up 87 points or 0.24 per cent, while the broader Nifty50 index settled at 10,850, up 18 points or 0.17 per cent.
Among sectors, Nifty Auto index slipped 0.87 per cent weighed by Ashok Leyland and Tata Motors. The Nifty Realty index was the top gainer of the day, rising 2.17 per cent led by Oberoi Realty. In the broader market, S&P BSE MidCap index settled at 14,860, down 23 points or 0.15 per cent, while S&P BSE SmallCap index slipped 84 points or 0.59 per cent to end at 14,225.
Buzzing Stocks
Shares of YES Bank rallied 14.32 per cent to end at Rs 225.50 per share on the National Stock Exchange (NSE) after the private sector lender appointed Ravneet Gill as its new managing director (MD) and chief executive officer (CEO) with effect from from March 1, 2019. Currently, Ravneet Gill is the CEO of Deutsche Bank India.
Shares of graphite electrode manufacturers Graphite India and HEG fell up to 9 per cent on the BSE on concerns of margin pressure due to the rising cost of raw material. HEG slipped 8.26 per cent to settle at Rs 3,005, while Graphite India fell 6.94 per cent to Rs 625 on the BSE.
Global Markets
Asian shares inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and worries about weakening global economic growth kept many investors on the sidelines. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 per cent, while Japan’s Nikkei average eased 0.1 per cent. China’s benchmark Shanghai Composite and the blue-chip CSI 300 climbed 0.5 per cent and 0.6 per cent respectively.