Financial Stocks

D-Street Expects Moderate Index Returns In 2020, Financial Stocks Most Preferred

Brokerages see high probability of moderate returns for the Indian equity market in 2020 amid stretched valuations, likelihood of economic slowdown continuing and limited room for fiscal stimulus by the government. BNP Paribas has an ‘overweight’ stance on the Sensex and expects the benchmark to reach 44,500 in 2020. Maybank Kim Eng is ‘neutral’ on

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Yes Bank

Yes Bank Shares Plunge 4% On Rating Downgrade By India Ratings

Yes Bank shares fell nearly 4% on Thursday’s early trade after rating firm India Ratings and Research (Ind-Ra) downgraded YES Bank’s long-term issuer rating to ‘IND A’ from ‘IND A+’ and its short-term issuer rating to ‘IND A1’ from ‘IND A1+’. The share price of YES Bank slipped 3.74% and touched an intraday low of

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