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Nifty breaks 8250, Sensex falls over 100 pts; Yes Bank soars 3%
Equity benchmarks extended losses in late trade with the Sensex falling 117.30 points to 26760.94. The Nifty breached 8250 level, down 32.05 points at 8241.75.
About 1557 shares declined against 1108 advancing shares on the BSE.
Yes Bank was the biggest gainer among Nifty 50 stocks as Motilal Oswal expects the outperformance to continue even in CY17, with its return on equities best placed among peers at over 20 percent.
HCL Technologies shed nearly 4 percent on US immigration fears. Even other technology stocks too were under pressure after the immigration reform re-introduced in the US House of Representatives by Congressmen.