Stock Market Live Updates: Sensex Zooms Nearly 1,500 Points, Nifty 50 Atop 23,000; YES Bank Tumbles 8%

Yes Bank reported movement of 8% and 2%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -14.2% on the day at ₹18.18, and has returned -9.8% over three months. It sits 29% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.5% over the same period, so Yes Bank is running 6.2 points behind its peers.

For Yes Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.