Mumbai: Stocks on Monday made an early attempt to come out of the Infosys jolt, but ultimately could not as the Sensex lost 266 points and the Nifty cracked below 9,800 at the close amid a lower opening in Europe. The IT sector as a whole faced the backlash of Vishal Sikka’s surprise resignation as Infosys CEO.
The software giant suffered more losses, down 5.37%, despite its Rs13,000 crore share buyback announcement. The stock was the biggest loser among blue-chips on both the key indices for yet another session, which fell for the second day.