Yes Bank

At 10:15 am, the BSE S&P Sensex was up by 86 points at 39,138 while the Nifty 50 edged higher by 30 points to 11,616. All sectoral indices at the National Stock Exchange were in the positive zone with Nifty PSU bank showing an uptick of 1.4 per cent.

Among stocks, private lender Yes Bank emerged as a star performer of the day with gains of 15.47 per cent and closing at Rs 47.50 per share. Tata Motors wound up at Rs 142.55 apiece, up 13.2 per cent.

MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.44 per cent. Chinese shares fell by 0.47 per cent while Japan's Nikkei slid by 0.7 per cent in its biggest decline over a week.

Yes Bank has requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news and assess the short-sell positions, held either directly or indirectly by such accused persons.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped by 0.78 per cent while Japanese Nikkei traded down by over 2 per cent. Global slowdown coupled with the chaos in Hong Kong pulled down other Asian indices as well.

BSE S&P Sensex closed 167 points or 0.43 per cent lower at 38,823 while the Nifty 50 slipped by 59 point to 11,512. At the National Stock Exchange, all sectoral indices were in the red.

The other prominent winners were IndusInd Bank, Bajaj Finance, State Bank of India, UltraTech Cement and Titan. All of them saw gains ranging between 8.7 to 10.7 per cent each.

Tata Steel and JSW Steel were down by 2.4 per cent and 2.2 per cent respectively. Zee Entertainment, Tech Mahindra and HCL Technologies also lost between 1.7 per cent and 2.8 per cent each.

The other prominent losers were Bajaj Finserv, Vedanta, Adani Ports and JSW Steel which lost over 2 per cent each. Hindalco, Zee Entertainment, IndusInd Bank and Bajaj Finance too were in the red.

Now the bank has a floor price of more than 87.9 now for this issue. Even though there is no changes expected in the price, only time can explain the chances of success of this QIP by the yes bank.