Infosys Shares Tank Around 6%

New Delhi: Shares of Infosys tanked nearly 6 per cent on Friday amid profit-taking post announcement of the third quarter earnings. The stock slumped 5.77 per cent to settle at Rs 1,815.10 on the BSE. Intra-day, it declined 5.89 per cent to Rs 1,812.70. At the NSE, it tumbled 5.75 per cent to Rs 1,817.50. Decline in the stock was instrumental in dragging the markets lower. The stock was the biggest laggard among the Sensex and Nifty firms. The company’s market valuation eroded by Rs 46,108.13 crore to Rs 7,53,678.38 crore. The 30-share benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33. The NSE Nifty dropped 108.60 points or 0.47 per cent to 23,203.20. Other major IT stocks -- Tata Consultancy Services, Tech Mahindra and Wipro -- also ended lower.