Sensex up 129 pts, Yes Bank tanks 7%

Mumbai, Dec 11 (IANS) Sensex advanced 129 points during the early trade on Wednesday while the Nifty traded slightly below the 11,900 mark.Yes Bank fell over 7 per cent after it postponed the decision to approve or decline the binding offer of $1.2 Billion -- 60 per cent of the total capital the bank aims to raise -- submitted by mysterious investor Erwin Singh Braich on Tuesday.Yes Bank, however, said it is willing to "favourably consider the offer of $500 Million of CitaxHoldings and Citax Investment Group and the final decision regarding allotment to follow in the next board meeting.."At 9.59 a.m., the Sensex was up 129.98 points or +0.32 per cent at 40,369.86. The Nifty jumped 35.05 points at 11,891.85.
--IANS ravi/pgh/