Sensex slides 470 pts, Nifty ends at 10,705; YES Bank dips 16%, Tata Motors up by 2%

Equities continued to slide on Thursday due to the absence of any positive triggers. 


The S&P BSE Sensex lost 470 points or 1.29% to settle at 36,093.47, with YES Bank (down 16%) being the biggest laggard and Tata Motors (up 2%) the top gainer. During the session, the index hit an intra-day high and low of 36,613.93 and 35,987.80, respectively. Only 4 out of 30 constituents ended in the green while the rest 26 declined. 


Reliance Industries (RIL), ICICI Bank, TCS, HDFC and Infosys contributed the most to the Sensex’s fall. In the broader market, the S&P BSE MidCap index dipped 154 points or 1.15% to 13,285 levels, and the S&P BSE SmallCap index closed at 12,703.27, down 191 points or 1.48%.


On NSE, the broader Nifty50 index settled at 10,705, down 136 points or 1.25%.


Volatility index India VIX surged nearly 2% to settle at 15.60 levels. 
Sectorally, all the sectoral indices on the NSE ended in the red. Media stocks bled the most – 4.41% to 1,786 levels, followed by PSU banks and metal stocks. 

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