Infosys stock falls 3.14 per cent on speculation of $1-bn acquisition

The Infosys stock closed 3.14 per cent, or 37 points, lower ahead of a major announcement due later in the day.

Investors worry that announcement might be related to $1-billion worth of acquisitions, which may weigh on company's earnings. A company spokeswoman did not immediately offer comments.

Infosys' cash and cash equivalents, available-for-sale financial assets and government bonds were at $4.75 billion at the end of June quarter.