Four key stocks that made news today: YES Bank, Biocon and others

The benchmark Bombay Stock Exchange (BSE) Sensex on Thursday surrendered its early gains to settle lower by 155 points at 27,735.02 as blue-chips took a beating on persisting concerns of foreign investors on tax claims despite governments clarification.

The 30-share barometer closed at 27,735.02, 155.11 points or 0.56 per cent lower. Tata Steel gained the most as the shares rose by 5 per cent to close at Rs 368.70 apiece, whereas Sun Pharma emerged as the biggest loser of the day with its shares closing 2.55 per cent lower.

On similar lines, National Stock Exchange (NSE) index Nifty closed 31.40 points or 0.37 per cent lower at 8,398.30.

The key stocks that made news today were:

Biocon

Biocon, the Biotechnology firm, on Wednesday filed prospectus with market regulator Sebi for the initial public offer (IPO) of its research arm Syngene through which it aims to raise around Rs 600 crore that will be used to fund its R&D programmes. On Thursday, the shares closed 4.15 points or 0.91 per cent lower at Rs 451.95 per share.

YES Bank

YES Bank, India's fifth largest private sector lender, announced on Wednesday that it will raise $1 billion by selling shares in local and overseas markets. Shares of the bank closed at Rs 851.40 per share, up by 6.99 per cent on Thursday.

Jet Airways

Jet Airways announced on Wednesday that it will seek shareholders' approval next month to raise up to $400 million (over Rs 2,500 crore) through issue of securities on private placement basis. Reacting to this, the shares of the carrier closed at Rs 412.60 apiece, down by 0.67 per cent.

HDFC Bank

HDFC Bank, India's second-largest private sector lender, on Thursday reported 21 per cent rise in its net profit at Rs 2,806.91 crore for the fourth quarter ended March 2015. As a result of this, shares of the bank closed at Rs 1013.50 apiece, down by 0.14 per cent.