Mumbai: Indian stock market once again dominates due to the increasing cases of corona at the international level and ongoing tensions between the US-China. The Sensex was down 300 points in early trade and was found to be trading below 36,300 points. The Nifty was seen trading at a level of 10,700 points with a drop of about 80 points.
Later in the afternoon, the Sensex fell more than 700 points and went below the 36 thousand mark. The Nifty also recorded a decline of 190 points and reached the level of 10,600 points. Yes Bank of the private sector, facing the financial crisis, has announced to raise capital of Rs 15,000 crore through follow-on public offer (FPO). The issue will open to the general public on July 15 and will close on July 17. Prior to this, there has been a huge decline in the stock of Yes Bank. On Tuesday, Yes Bank's share has fallen by 6% and it was found to be trading at the level of 20 rupees. The FPO has opened for anchor investors on 14 July i.e. today.
The stock of Reliance Industries Limited (RIL) is seen sluggish in Tuesday's business. On Monday, the maximum increase of 3% was recorded in Reliance. The company said that Qualcomm, the top company in the wireless technology sector, has bought a minor 0.15% stake in its unit Jio Platforms.
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