Sensex posts worst weekly loss of year

Information technology (IT) stocks took a beating on Thursday after Infosys’ share buyback plan and revenue outlook failed to move investors as the Sensex dropped 182 points to an over two-week low and the Nifty broke below 9,200. 

The 30-share index opened lower before slipping further when Infosys results raised concerns about others to follow. It was down 182.03 points, or 0.61 per cent, at 29,461.45 at the close, a level last seen on March 28.

The 50-share NSE Nifty slipped below the 9,200-mark, falling 52.65 points, or 0.57 per cent at 9,150.80.

For the week, the Sensex fell 245.16 points, or 0.82 per cent, while the Nifty was down 47.50 points, or 0.51 per cent.

 

Markets will remain shut tomorrow for Baba Ambedkar Jayanti and Good Friday.