Sensex ends over 150 points higher; Yes Bank slumps 6 per cent

Yes Bank, on the other hand, was the biggest loser, falling over 6 per cent after its board meet concluded. T he bank said it has finalised a candidate for the chairman's position and would be seeking approval from the RBI. The bank, however, did not disclose the candidate's name. Other losers include Sun Pharma, TCS, Tata Steel, Adani Ports and Coal India, falling up to 2 per cent. "In anticipation of some firm measures to ease the credit squeeze by the new RBI Governor post his meeting with PSU bank chiefs today, markets rallied in the morning but cooled off in the second half on some profit booking," said Essel Mutual Fund CIO Viral Berawala. "Stocks with rural focus also gained momentum on expectations of some pro-rural announcements by the Central government," Berawala added. The rupee, meanwhile, rose 35 paise to 71.66 against the US dollar in intra-day trade. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,299.43 crore on Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,121.29 crore, provisional data available with BSE showed. Brent crude oil futures were trading flat at USD 60.15 per barrel. Elsewhere in Asia, Korea's Kospi rose 0.62 per cent, Japan's Nikkei gained 0.99 per cent, Hong Kong's Hang Seng surged 1.29 per cent and Shanghai Composite Index advanced 1.23 per cent. In Europe, Frankfurt's DAX fell 0.31 per cent and Paris' CAC 40 shed 0.30 per cent in their early deals. London's FTSE too slipped 0.02 per cent. Dailyhunthttp://www.splendidcrm.com/UserProfile/tabid/138/userId/68474/Default.aspx