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

effect.

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

recent gainers.

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

sessions.

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.)