Sensex hits seven-month closing low; Infosys slumps
Posted on: 09:47 AM IST Apr 12, 2013
Mumbai: The BSE Sensex fell to its lowest close in seven months on Friday after Infosys' lower-than-expected revenue guidance raised concerns about the outlook for the software services exporting sector.
The Sensex provisionally fell 1.7 per cent to its lowest close since September 13, 2012. The Nifty fell 1.2 per cent.
Infosys Ltd provisionally fell 22.1 per cent, marking its biggest single-day fall since April 4, 2003.