<div style="float: left;">
		<img align="" alt="BSE, Markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-05/20/full/1558346527-8008.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="BSE, Markets" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Photo: Kamlesh Pednekar</div></div>

BSE, Markets

<div>
	Investors turned to profit-booking on Friday as weak growth concerns dampened sentiment at D-Street. Financials slipped the most on the index with heavyweights such as State Bank of India, HDFC, and ICICI Bank declining up to 5 per cent.&nbsp;</div>
<br />
<div>
	On Thursday, the Reserve Bank of India (RBI) sharply lowered its gross domestic product (GDP) growth forecast for financial year 2019-20 (FY20) further by 110bps to 5 per cent from 6.1 per cent on substantially weaker growth in Q2FY20, and incremental data on Q3 which suggests that the slowdown is still persisting. Besides, the central bank retained status quo on rates, against expectation for a 25bps cut, on inflationary concerns. The accommodative stance was maintained on rising output gap.</div>
<br />
<div>
	The benchmark S&P BSE Sensex closed 334 points, or 0.82 per cent, lower at 40,445.15 level. YES Bank, SBI, Tata Motors, HDFC, and IndusInd Bank were the top laggards at the 30-share index. Loses were, however, trimmed by gains in Reliance Industries, and HDFC Bank. In the intra-day trade, the Sensex hit a low of 40,337.53.&nbsp;</div>
<br />
<div>
	On the NSE, the Nifty50 slipped below the 11,900-mark in the intra-day trade to hit a low of 11,888.85. At close, the index was at 11,921.5 level, down 97 points, or 0.81 per cent. All the sectoral indices ended the day in the red. Nifty PSU Bank index was the top loser, down over 4 per cent.&nbsp;</div>
<br />
<div>
	In the broader market, mid-caps tumbled the most. The S&P BSE mid-cap index ended the day 1.27 per cent lower at 14,668.31, while the S&P BSE small-cap index closed at 0.85 per cent lower at 13,341.39.</div>
<div>
	<br />
	<div>
		<strong>GLOBAL CUES</strong></div>
	<br />
	<div>
		Asian shares ended higher on Friday after Beijing said it will waive import tariffs for some soybeans and pork shipments from the United States.&nbsp;</div>
	<br />
	<div>
		Japan&#39;s Nikkei index gained 0.23 per cent, South Korea&#39;s Kospi up 1.02 per cent, and China&#39;s Shanghai Composite added 0.43 per cent.</div>
	<br />
	<div>
		In Europe,&nbsp; the pan-European STOXX 600 index rose 0.3 per cent by around 2:00 pm, with banks, technology firms and retail companies leading the gains.<br />
		<br />
		<em><strong>(With inputs from Reuters)</strong></em></div>
</div>
<br />

MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11%

Business Standard

MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11% | News on Markets - Business Standard

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15755999530803.jpg

Good morning!<br />
<br />
Welcome to the Business Standard live blog.<br />
<br />
Catch all the live market updates here.

MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11%

All that happened in the markets today

US Market check