Sensex, Nifty off day’s low; Equitas, Ujjivan stock drops
Equity tips:- Equity benchmark indices started Friday's session on a lower note as the November derivatives series took off on a weak note amid weak global cues. Today’s losses were seen in Infosys, TCS, ITC and Yes Bank. On the sectoral front, IT, metal, FMCG, realty, auto, financial services, pharma and PSU banks are seeing selling pressure. The BSE Sensex was trading at 33,529, down 161 points, while the Nifty50 index was trading at 10,068, down 57 points. The Nifty Bank index is nearly 0.55% lower weighed by Yes Bank which is trading down ~5% as the bank’s net profit was below estimates due to higher provisions, indicating a decline of 3.8% yoy to Rs964.7cr. Shares of Ujjivan Financial Services and Equitas Holdings fell over 15% on the NSE after these companies informed the exchanges that the Reserve Bank of India told them to comply with the original license conditions. The BSE Midcap and Smallcap fell 0.31% and 0.40%, resp