Yes Bank has hit upper circuit after reports of LIC raising stake in the private sector lender. After facing months of uncertainty and troubles, Yes Bank has finally seen positive news.
Moody’s Investors Service has upgraded its ratings for Yes Bank’s long term foreign-currency issuer ratings to B3 from Caa1. And the outlook for Yes Bank has been changed to stable from positive.
Promoters of private lender Bandhan Bank reduced their stake by 21 percent as per RBI guidelines. The stock declined by nearly 10 percent as block deals were carried out during the trading hours.
Technology majors Infosys Technologies and TCS have touched fresh 52-week high as stock markets have been trading firm and technology companies are on investor’s buying list.
