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Home > Markets > Sensex plunges 335 points; Infosys sinks 16 per cent
Markets
Sensex plunges 335 points; Infosys sinks 16 per cent
By  
PTI   , Published : Oct 22, 2019, 4:14 pm IST | Updated : Oct 23, 2019, 9:07 am IST

The 30-share BSE Sensex ended 334.54 points, or 0.85 per cent, lower at 38,963.84.

The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35. (Photo: AP)
The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35. (Photo: AP)

Mumbai: Snapping its six-session rising streak, equity benchmark BSE Sensex plunged 335 points on Tuesday, dragged by a massive plunge in Infosys' shares following a complaint against the company's chief executive.

The 30-share BSE Sensex ended 334.54 points, or 0.85 per cent, lower at 38,963.84. It hit an intra-day low of 38,924.85 and a high of 39,426.47. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.

IT major Infosys was the biggest loser in the Sensex pack, plummeting 16.21 per cent after an anonymous group claiming to be employees of the firm placed a whistleblower complaint to the company's board, accusing CEO Salil Parekh and CFO Nilanjan Roy of indulging in unethical practices to boost short-term revenue and profits.

Other losers were Tata Motors, Bharti Airtel, HCL Tech and Bajaj Finance, shedding up to 3.51 per cent. Among the gainers were ICICI Bank, Sun Pharma, Bajaj Auto, HUL and HDFC, rising up to 3.06 per cent.

Elsewhere in Asia, bourses in Shanghai, Hong Kong Tokyo and Seoul ended on a positive note after US President Donald Trump on Monday said progress in developing the text of a partial trade pact with China means he will likely be able to sign it next month.

Equites in Europe were trading on a mixed note in their respective early deals. Meanwhile, the Indian rupee appreciated by 22 paise to 70.92 against the US dollar intra-day. Brent crude futures, the global oil benchmark, rose 0.36 per cent to USD 59.17 per barrel.

end-of
Tags: 
sensex, bse, nse, nifty, stock market, bombay stock exchange
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

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