Sensex plunges 208 pts; Infosys tanks 7% as Sikka resigns
The BSE benchmark Sensex fell nearly
208 points and Infosys tanked over 7 per cent in early trade
after Vishal Sikka resigned as MD and CEO with immediate
Besides, weak global cues on a deadly attack in Spain and
rising concerns over the fate of US President Donald Trump's
economic agenda also influenced investors sentiment.
The markets also witnessed intense selling pressure in
The Sensex plunged by 207.75 points or 0.65 per cent to
31,587.711 with the sectoral indices led by IT, teck, bank,
healthcare, metal, auto and realty, tumbling up to 2.43 per
cent. The gauge had gained 581.87 points in the previous three
On similar lines, the National Stock Exchange index Nifty
dropped by 73.95 points or 0.74 per cent to 9,830.20.
Brokers said sentiment on the domestic bourses suffered a
jolt following a meltdown global equities on a deadly attack
in Spain and renewed concerns over the fate of US President
Donald Trump's economic agenda.
Other laggards that dragged down the key indices were
Sun Pharma, HDFC Ltd, Tata Motors, SBI, Kotak Bank, HDFC
Bank, Lupin, Adani Ports, Axis Bank, Dr Reddy's, Coal India
and Tata Steel.
In Asia, Japan's Nikkei fell 1.02 per cent, while
Shanghai Composite Index was quoting 0.33 per cent lower
in early trade today. Hong Kong's Hang Seng index too shed
0.82 per cent.
The Dow Jones Industrial Average ended 1.24 per cent
lower in yesterday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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