Snapping an eight-day gaining streak, shares of IT major Infosys Technologies today plunged by nearly 2 per cent in early trade on the BSE, dragging the IT sector index down by 91 points.
Shares of the IT bellwether fell by 2 per cent to a low of Rs 2,989 on the Bombay Stock Exchange, emerging as the top loser in the 30-share Sensex pack in the early hours of trade.
Yesterday, the company was the top performer on the Sensex and ended at Rs 3,050.15, up 2.49 per cent.
Infosys, the second most valuable scrip on the Sensex after RIL, had gained 10.88 per cent in the last eight sessions.
The BSE-IT index also suffered losses and was down by 91.20 points at 5,858.26, while the broader Sensex was down by 12.92 points at 19,489.19.
Other IT giants like TCS and Wipro were also under selling pressure, and were down by 1.71 per cent and 0.61 per cent, respectively, in early trade.
Apart from these stocks, HCL Tech was down by 0.59 per cent, Patni Computers by 1.18 per cent and Tech Mahindra by 0.80 per cent.
