Yes Bank shares fall to Rs 5.65
Yes Bank shares fall to Rs 5.65
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New Delhi: Trading has started in the share market today with a heavy fall on Friday. After opening with a fall of 1300 points, the Sensex fell by 1186 points to 37,283 at 9.25 am. At the same time, the Nifty is trading at 10,914 with a decrease of 356 points. During this time Yes Bank shares had fallen to Rs 5.65 in futures trade. This decline was more than 80 percent. Later, the stock fell 77 percent to Rs 8.70 amid heavy volatility. On Thursday itself, RBI took over the work of Yes bank. A significant decline has also been recorded in American markets. The fall of Indian markets is being attributed to the fall of foreign stock markets. The havoc of coronavirus has also spoiled the economy. The rupee also looks weak on Friday. At the start of the business, it has fallen by 29 paise to 73.85.

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Before this, the 30-share BSE Sensex, which had jumped up to 478 points on Thursday, was reduced by 61.13 points or 0.16 percent at the end of the Sensex business. The Sensex was steady at 38,470.61 points at the end of trading on Thursday. The 50-share Nifty of the National Stock Exchange (NSE) also closed at 11,269 points with an improvement of 18 points i.e. 0.16 percent. On Thursday, the domestic stock markets started very well due to positive foreign signals. The Sensex had risen by more than five hundred points in the day's trading, but the fall of American markets on Friday ended all the enthusiasm. Coronavirus is also considered a big change in the share market. As the number of suspects is increasing, the economic condition of the countries is also in crisis.

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The government's action against Yes Bank has had a direct impact on its shares. Within a few minutes of starting the business, its shares first fell 15 percent and then 26 percent. The government has imposed a temporary ban of 30 days on this private sector bank. With this, the withdrawal limit for account holders has been fixed at 50 thousand rupees. After this, there is a crowd of customers outside the bank branches from today on Friday.

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