Sensex declines over 300 pts, Infosys falls 9%; pharma cracks

The fall in Infosys’ stock has led to a steep fall in the market capitalisation of the company. It fell over Rs 16,600 crore on the back of the fall in the stock.

As of closing price on Thursday, Infosys had a market cap at Rs 2,34,554.78 crore. Meanwhile, this figure came down to Rs 2,17,924.74 crore.

Indices continued to trade lower in the afternoon session, with the Nifty firmly trading below 9850.
The Sensex was down 301.30 points at 31494.16, while the Nifty was down 82.05 points at 9822.10. The market breadth was negative as 740 shares advanced against a decline of 1,498 shares, while 94 shares were unchanged.

ITC, TCS, BPCL and Bharti Infratel gained the most on both indices.

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Posted in: Indian Market Tips