Indian shares rangebound

Indian shares wobbled in lacklustre trade on Wednesday, with Yes Bank and Tata Motors Ltd shares dragging the benchmark index lower, as investors scanned a string of disappointing corporate results.

The broader NSE index was down 0.03% at 11,584.85 by 0412 GMT, while the benchmark BSE index was stronger by 0.05% at 38,981.20.

Shares of Yes Bank Ltd were down as much as 5.02% and were the top two losers on the benchmark index.

Seven of the 12 stocks on the Nifty bank index were in the red, and RBL Bank Ltd, which flagged a slide in quarterly profit on Tuesday, was the biggest decliner with a drop of nearly 20%. Shares of the nation's third-largest lender by market value, Kotak Mahindra Bank Ltd, slipped as much as 1.52% after it trimmed its full-year loan growth forecast on Tuesday.