The sharp fall in Infosys scrip dragged down the market. The stock burnt its fingers as the biggest loser—sinking as much as 9.60 per cent to Rs 923.10 -- after the surprise announcement. Intra-day, it hit a low of Rs 884.40.
After three straight sessions of gains, the Sensex opened lower and dropped further before ending down 270.78 points, or 0.85 per cent, at 31,524.68. It had rallied 581.87 points in the previous three sessions.
The 50-share Nifty too closed lower 66.75 points, or 0.67 per cent, at 9,837.40. During the session, it shuttled between 9,783.65 and 9,865.95.
For the week, both Sensex and Nifty recorded a gain of 311.09 points, or 0.99 percent, and 126.60 points, or 1.30 per cent, respectively. This is markets’ sixth weekly rise in seven.