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Infosys falls 2% on BSE, IT index down 91 pts

Snapping its eight-day gaining streak, Infosys, the second most-valuable scrip on the Bombay Stock Exchange, fell nearly 2 per cent in early trade.

twitter-logo PTI   Mumbai     Last Updated: September 17, 2010  | 10:54 IST

Snapping an eight-day gaining streak, shares of information technology (IT) major Infosys on Thursday plunged nearly 2 per cent in early trade on the Bombay Stock Exchange, dragging the IT sector index down 91 points.

Shares of the IT bellwether fell 2 per cent to a low of Rs 2,989 on the Bombay Stock Exchange, emerging as the top loser in the 30-share Sensex pack in the early hours of trade.

On Wednesday, the company was the top performer on the Sensex and ended at Rs 3,050.15, up 2.49 per cent.

Infosys, the second most-valuable scrip on the Sensex after Reliance Industries, had gained 10.88 per cent in the last eight sessions.

The BSE-IT index also suffered losses and was down 91.20 points at 5,858.26, while the broader Sensex was down 12.92 points, at 19,489.19.

Other IT giants like TCS and Wipro were also under selling pressure, and were down 1.71 per cent and 0.61 per cent, respectively, in early trade.

Apart from these stocks, HCL Tech was down 0.59 per cent, Patni Computers 1.18 per cent and Tech Mahindra 0.80 per cent.

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