Sensex, Nifty end lower; Yes Bank plunges 30%

Benchmark indices Sensex and Nifty on Tuesday ended marginally lower after a volatile session, dragged by private sector lender Yes bank which posted a loss of Rs 1,506 crore in the March quarter on higher bad loans provisioning.

The BSE Sensex closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15.

Yes Bank shares crashed nearly 30 per cent after the company reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 2019, hit by higher provisioning for bad loans.

Other major Sensex laggards were IndusInd Bank, HeroMoto Corp, Maruti Suzuki, PowerGrid and Mahindra and Mahindra -- plunging as much as 5.21 per cent.

Banking and auto shares mainly led the fall in the Sensex.