Yes Bank shares fall nearly 2 pc after Sensex rejig; Tata Motors, Vedanta bounce back

Shares of Yes Bank fell nearly 2 percent on Monday after the announcement that it will be dropped from BSE benchmark Sensex from December 23. Tata Motors, Tata Motors DVR, Yes Bank, and Vedanta will be dropped from the Sensex from December 23.

Yes, Bank shares dipped 1.70 percent to close at Rs 63.70 on the BSE. During the day, it dropped 3.78 percent to Rs 62.35. However, shares of Tata Motors, Tata Motors DVR and Vedanta bounced back at the close of trade after early losses.

The scrip of Vedanta jumped 2.74 per cent, Tata Motors gained 2.31 per cent and Tata Motors DVR rose 2.15 percent. UltraTech Cement, Titan Co Ltd, and Nestle India will be added in their places in the index, Asia Index, a joint venture between S&P Dow Jones Indices and the BSE, said in a statement on Friday.

Titan jumped 2.45 per cent, Nestle rose 2.10 per cent and UltraTech Cement gained 0.84 per cent on the BSE.