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Infosys share price crashes 8-month low

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Share Market LIVE: Sensex tanks 1172 pts to end at 57166, Nifty closes at 17173

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Infosys share price fell as the software services provider's lower-than-expected March profit last week triggered fears.

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The Nifty IT services index was down 3.24 per cent. Stock markets were closed on Thursday and Friday for public holidays.

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Infosys share price on NSE at Rs 1,623.50, down by 7.15 per cent or 125.05 points.

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Infosys share price fell as the software services provider's lower-than-expected March profit last week triggered fears of growth normalisation in the sector after a pandemic-led boom, as per a Reuters report.

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Infosys, India's No.2 software services firm, on Wednesday reported a consolidated net profit of 56.86 billion rupees ($744.05 million) for the quarter ended March 31, missing analysts' expectations of 59.80 billion rupees, the Reuters reported.

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Market At Close - Banking, IT stocks drag Sensex, Nifty

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Infosys, HDFC Bank, HDFC contribute more than 200 points to fall in Nifty

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