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,

at 9,754.35.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)