Markets extend losses, Infosys pulls down Sensex
The benchmark Sensex gave up early
gains to end 266 points lower today while the Nifty cracked
below the 9,800 mark, pulled down by heavyweight Infosys and
other blue-chips amid a lower opening in Europe.
The IT sector faced the backlash following Vishal Sikka's
surprise resignation as Infosys CEO. The software giant
extended losses by falling 5.37 per cent despite Rs 13,000
crore share buyback announcement.
The stock remained the biggest loser among blue-chips on
both the key indices for yet another session.
The 30-share Sensex ended 265.83 points lower, or 0.84
per cent, at 31,258.85. The gauge had lost 270.78 points in
the previous session on Friday.
The broader NSE Nifty moved between 9,884.35 and
9,740.10, before ending down 83.05 points, or 0.84 per cent,
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.