| | NEWS FLASH
| Shares of Infosys, India's second biggest IT services exporter, plunged 12.6% or Rs 347 to close at Rs 2,403 today. This is the lowest level for the stock in nearly 18 months.
In contrast the BSE Sensex closed 238 points or 1.4% lower at 17,094. Other frontline IT stocks also closed with deep losses.
Infosys, India's second biggest IT services exporter, has guided for much lower than expected growth for the current fiscal (2012-13). The company's guidance is taken as a benchmark for the IT industry. | |
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