Infosys sharesx closed at Rs 873.5 down by 5.37% on Exchange in today’s trade. Infosys has posted biggest 2-day plunge from April 2013. Its dropped 14.46 percent in last two sessions.
The shares have been traded on new 52-week low value at Rs. 870, registering a spurt in volume by more than 4.21 times. India's second number Information technology services exporter has corrected about 15%, wiping out nearly Rs. 34,000 crore of investor's wealth.
However, today's fall in Infosys shares came even though the company announcing a Rs. 13,000 crore shares buyback on Saturday, at a price which is 25% higher than Friday's closing price. The IT sector was followed by Teck, realty and healthcare segments, which also witnessed decline. However, buying in metal, bank and financial stocks reduced the sentiment.
On Closing, BSE Sensex ended lower by 266 points, to 31,259, while the NSE Nifty fell 83 points to 9,754. Apart from Infosys, Adani Ports and Dr. Reddy’s were ended in losss at a tune of 3.09%, and 2.42%, respectively.
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