Shares of Infosys, on Monday, slumped by about 4 per cent, wiping off over Rs.5,400 crore in investor wealth, on concerns that the IT major might face further heat with the U.S. Department of Homeland Security (DHS) reviewing its employer eligibility.
After shedding over 4 per cent during the day, the heavyweight stock finally ended trade at Rs.2,311.95, down 3.92 per cent on the BSE.
Similarly at the National Stock Exchnage (NSE), Infosys closed 4.18 per cent lower at Rs.2,306.80.
“Infosys witnessed selling pressure on reports of U.S. scrutiny on its visa issue,” Shanu Goel Research Analyst Bonanza Portfolio said.
In the process, the market value of Infosys dropped by Rs.5,415 crore to Rs.1,32,759 crore.
On the volume front, 3.94 lakh shares of the company were traded on the BSE, while over 22 lakh shares changed hands on the NSE.
Infosys was the biggest drag on the Sensex, contributing 55 index points on the downside. — PTI