Share Market highlights: Yes Bank shares end 7% down, Ujjivan IPO subscribed nearly 4x; Nifty below 12,000

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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Shares of private sector lender Yes Bank extended decline on Tuesday, despite $2 billion fund raising plans announced by the bank. Yes Bank shares closed 7.1% down at Rs 59.50 on BSE. Yesterday, the stock plunged most since November 13th. Shares of Sunil Mittal-led telco Bharti Airtel shares extended gains on Tuesday after global brokerage firm Morgan Stanley upgraded the stock. Bharti Airtel shares gained more than 1% to hit Rs 465 on BSE. The global firm upgraded the Bharti Airtel to ‘overweight’ and raised its target price to Rs 530 per share from Rs 410 earlier. The brokerage sees an improvement in profitability and balance sheet repair over the next few years.  The Sensex closed 127 points down at 40,675.45, while the Nifty was trading below the 12,000-mark. Meanwhile, the IPO of Ujjivan Small Finance Bank got subscribed by more than 2.5 times, according to data from NSE. Ujjivan Small Finance Bank IPO to raise up to Rs 750 crore got fully subscribed on first day, backed by strong demand from retail investors. The issue received bids for 48 crore shares, as against the issue size of 12.39 crore shares, totalling to a subscription of nearly 4 times, data from NSE showed. We bring to you highlights.

[“source=financialexpress”]