Mumbai: Bombay Stock Exchange benchmark Sensex plunged 360 points at midsession, led by Infosys' lower-than-expected quarterly results and a strident inflation, which at 8.98 percent overshot the RBI projection for March.
RBI had expected the inflation to decline to 8 per cent for the last month. Sensex, which had gained 434 points in the previous session, rolled down by 369.74 points to 19,337.12 at 1245 hrs with software
exporting and refinery stocks recording heavy losses on profit booking.
Infosys, the country's second-largest software exporter, dropped the most in nearly two years, shedding 8.28 per cent to Rs 3,032 a share as the company reported its fourth quarter results below market expectations.
The broad-based National Stock Exchange index Nifty also dropped by 105.05 points to 5,806.45 at the same time.
Source: PTI
