Market this week: Yes Bank gains 11% as the bank appoints new CEO, Maruti Suzuki fell 7%

Among Nifty losers, Zee Entertainment’s shares were the biggest drag on the NSE index, tumbling 26.6 percent to their lowest close since April 2018. The stock has tumbled 28 percent this week.

Shares of Maruti Suzuki fell 7.5 percent after the company posted a 17.2 percent drop in the third-quarter profit.

Other major losers were Indiabulls Housing Finance, which dipped 9 percent and UltraTech Cement, which slipped 8 percent post the third quarter results.

Among gainers, Yes Bank shares jumped 11 percent this week as the private lender announced Deutsche Bank India's Ravneet Gill as its MD and CEO.

Sun Pharma shares were up over 8 percent likely on value buying. Reliance Industries shares carried on its uptrend, rising 5 percent this week, after posting robust quarterly earnings last Friday. GAIL and Dr Reddy's Labs were other major gainers.

Broader markets also fell sharply with the Nifty MidCap down almost 3 percent. ZEEL shares dragged other Essel group shares also, particularly Dish TV, which fell 33.4 percent.

Vakrangee, Union Bank, TVS Motors were other major laggards from the midcap space. Support came from Sun Pharma Advanced which gained over 13 percent, InfoEdge up at 7 percent.