The Bombay Stock Exchange benchmark Sensex declined by 222.51 points in opening trade on profit-booking and investors turning cautious even as Infosys’ today reported 13.62 per cent jump in its fourth quarter earnings.
Infosys Technologies Q4 net profit rose to Rs 1,818 crore; while net profit for financial year 2010-11 rose by 9.71 per cent at Rs. 6,823 crore.
The 30-share barometer, which opened 112 points lower, declined by 222.51 points, or 1.12 per cent to 19,474.35 in the first few minutes of trade today on profit booking in stocks led by IT, tech and refinery sectors.
In a similar fashion, the wide-based National Stock Exchange Nifty index slid by 64.30 points, or 1.08 per cent to 5,847.20 points.
Infosys, which opened at Rs. 3304.9 was trading 7 per cent down at Rs. 3075.95 a share.
Brokers said investors were cautious and also booking profit after a steep rise in share prices on Wednesday.
