INFOSYS' RESULTS FAIL TO CHEER SENTIMENT; SENSEX PLUNGES 256 POINTS
Date: 13/04/2012
Indian benchmark indices, Sensex and Nifty, plunged over 1.4 per cent at the end of the session on Friday as IT and TECk stocks succumbed to heavy selling pressure.
Infosys lost over 12 per cent due to lower-than-expected results and muted guidance for the year. IT majors such as TCS and Wipro were down over 4 per cent.
At 3.30 p.m., the Sensex was down 256.38 points (1.48 per cent) at 17,076.24. The Nifty was down 78.3 points (1.48 per cent) at 5,198.55.
Volume toppers during the session were Infosys, Sun Pharma, Cipla, SBI and RIL. Among the 30-share Sensex, Coal India, Sun Pharma, Tata Motors, Hero Motocorp and HUL were the top performers. Infosys, TCS, Wipro, Jindal Steel and Hindalco were the major laggards.
Except Healthcare, FMCG, Oil & Gas and Auto, all other BSE sectoral indices ended in the red.
Asian markets were up as South Korea's won gained on North Korea's rocket launch failure. European stocks were down as China reported slower-than-expected economic growth.
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