Markets turned Lower at the end, Nifty bank index falls 4-pc

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Key market benchmark indices extended losses with Nifty falling 8967 levels in the closing hour of the trading session. The Sensex settled down by 810-pts at 30,579.09 and the Nifty dropped by 230-pts at 8,967.05 on Tuesday.

Yes Bank, Hindunilever, Eicher Motors, Hero MotorCorp, and Coal India were among the top Nifty gainers, while Zeel, Indusind Bank, ICICI Bank, Infratel, and UPL were among top losers.

The Nifty FMCG (+0.80%) and Pharma (+0.28%) gained while there were major cut in the Nifty Media (-5.95%), followed by Nifty Financial Service and Banking indices over 4 percent.Avail share trading tips from our experts.

The Nifty popular Bank index (Bank Nifty) slipped over 46 points or 4.10 percent at 22,155 levels, driven by IndusInd Bank (9.20%), ICICI Bank (-8.92%), and Federal Bank (-8.48%) and were among top losers on the Bank Nifty index.

Shares of Yes Bank soared 59.30-percent at Rs.59.10-per share, the stock rose 96 percent in 2 consecutive days after on Moody’s ratings upgrade.

Shares of Sun Pharma  closed 0.66 percent to Rs.371.00 after the company’s board today approved share buyback.

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