Markets Up, Yes Bank down on Rating downgrade

Market-today

Indian share markets opened higher on Friday, 6th December, on positive global cues.

The BSE benchmark Sensex is up 77 points at 40,857, and the NSE’s Nifty also up 18 points at 12,036 at 10.10-am.

Bharti Infratel, Dr.Reddys, SunPharma, Asian paint and Tata Steel are the current gainers on the Nifty pack of stocks, whereas Yes Bank, Zee Entertainment, UPL, ONG and SBI were major losers.

Sectoral indices are trading on a mixed note, with Nifty Bank, Auto, Financial service, FMCG, metal, Pharma and Private banks are seeing buying, while IT Media, PSU Bank and Realty Slipped.

Moody’s Investor Service downgraded the rating of Yes Bank and has assigned a negative outlook, consequently Yes Bank share price slipped over 5% in the morning session.To get Stock Tips and Free stock Tips visit our website.

On The Commodity watch, Crude Oil slipped today, with US crude moving 2-month high after OPEC agreed to increase output.

Brent Crude futures slipped 0.3%, while US WTI oil futures declined 0.2pc, to USD58.29 a barrel.

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