Sensex provisionally closes 88 points lower; Infosys plunges 8.54%

 

Mumbai: India’s benchmark S&P BSE Sensex pared gains to close in the red on Thursday.

 

 

At the time of provisional close, the 30-share Sensex declined 0.40%, or 88.33 points, to 21,767.89, while National Stock Exchange’s 50-share Nifty index retreated 0.40%, or 25.75 points, to 6,491.15.

 

Shares of Infosys Ltd plunged 8.54% to Rs.3,357.50, after reports that the company’s chief executive Narayana Murthy sees this fiscal year’s sales at lower end of the forecast. Shares of Sun Pharmaceutical Industries Ltd fell 5.03% to Rs.573.60, after US Food and Drug Administration added its Gujarat plant in “red list” due to non requirement of manufacturing practices.

 

Shares of Tata Consultancy Services Ltd declined 1.16% to Rs.2,153.45.

 

The gainers included Mahindra and Mahindra Ltd that gained 2.40% to Rs.1,014.80, Oil and Natural Gas Corp. Ltd which climbed 2.37% to Rs.324.45, HDFC Bank Ltd that rose 2.30% to Rs.742.25, while those of Coal India Ltd rose 2.02% to Rs.265.

 

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