New Delhi: The BSE Sensex ended 1.2 per cent lower on Monday as IT services exporter Infosys Ltd slumped after its founders sold the company's stock. Other IT stocks also came under pressure, with the IT sub-index on the BSE ending 3.2 per cent down.
On the BSE, Infosys ended 4.88 per cent lower at Rs 1968.60. Four of Infosys founders sold 3.2 crore shares in the company.
Heavy selling pressure was seen in IT, capital goods, banking, auto, technology, media and entertainment (TECK), metal and consumer durables sectors, while marginal good buying was seen in fast moving consumer goods (FMCG) sector.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,433 points, was trading at 28,175.41 points (at 01.25 p.m.) in the afternoon session, down 282.69 points or 0.99 percent from the previous day's close at 28,458.10 points.
The Sensex touched a high of 28,494.85 points and a low of 28,147.63 points in the trade so far.
The S&P IT index dropped by 336.63 points, capital goods index slipped by by 283.30 points, bankex fell by 246.07 points, auto index plunged by 147.73 points, TECK index went down by 147.96 points, metal index slid by 117.71 points and consumer durables index plummeted by 115.37 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 87 points or 1.02 percent down at 8,451.30 points.
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