Markets Live: Sensex gives up gains, Yes Banks shares slump to 52-week low

Some buying was also seen in oil marketing companies IOC and BPCL, (AFP)

Indian markets gave up gains in afternoon trade even as most Asian markets ended higher. Asian stocks bounced from a 3-1/2-month low today as a slight softening in rhetoric from US President Donald Trump helped ease worries about the US-China tariff war and on expectations Beijing could release more economic stimulus. Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses. The Sensex, which rose close to 250 points at day’s high, turned flat in afternoon trade. Nifty slipped below 11,200 mark after rising to 11,286 at day’s high.

Yes Bank shares fell as much as 7% to hit a new 52-week low of145.30. Other top losers included Sun Pharma (-2%), Tata Motors (-5%) and Coal India (-2%).