Market rundown by Vinod Nair, Head of Research, Geojit Financial Services "Market remain range bound during most part of the day due to F&O expiry but better results from banks and improving sentiment on IT stocks lifted the index. Continued outflow of foreign money and surging oil prices added pressure on rupee and inflation trajectory. Earnings and election will be the main triggers and until then, investors are likely to take a wait and watch approach." Nifty Pvt Bank index ends 1.14% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) YES BANK 352.40 325.25 27.15 8.35 INDUSIND BANK 1881.90 1847.75 34.15 1.85 KOTAK MAH. BANK 1185.70 1167.85 17.85 1.53 FEDERAL BANK 97.10 95.95 1.15 1.20 HDFC BANK 1930.25 1920.75 9.50 0.49 Sectoral performers BSE Sensex: Yes Bank surges 10% to end as the top gainer Market at close The S&P BSE Sensex ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points. YES Bank rallies 9% as asset quality improves in Q4FY18 Shares of YES Bank have moved higher by 9% to Rs 353 per share on the BSE in noon deal trade after the private sector lender’s asset quality improved in March quarter (Q4FY18) sequentially. The bank’s Gross non-performing asset (NPA) fell to 1.28% in Q4FY18 from 1.72% per cent in the December 2017 quarter. Net NPA improved to 0.64% from 0.93% previous quarter. READ MORE
The S&P BSE Sensex ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points.
The 10-year US Treasury yield set a fresh four-year high of 3.035% on Wednesday, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices. But, robust corporate earnings helped quell concerns and Asian shares gained.