Equity indices down by 0.6 pc, Yes Bank plunges by over 10 pc

New Delhi, Dec 10 (ANI): Equity benchmark indices ended substantially lower on Tuesday due to profit booking by traders amid dismal macro-economic indicators. The BSE S and P Sensex closed 248 points lower at 40,240 while the Nifty 50 was down by 81 points at 11,857. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank dropping by 1.6 per cent, IT and metal by 1.4 per cent each and FMCG by 1 per cent. Joseph Thomas, Head of Research at Emkay Wealth Management, said the low GDP growth rate may be prompting investors to wait for a little more while till they see the green shoots. Among stocks, Yes Bank tumbled by 10.4 per cent to close at Rs 50.40 per share ahead of a crucial board meeting to decide on investment offers. Reports suggest that the board will reject the offers from SPGP Holdings and controversial Canadian businessman Erwin Singh Braich. Rakesh Jhunjhunwala may also be out of contention. Zee Entertainment dropped by 5.1 per cent, GAIL by 4.