Sensex Nosedives Over 400 Points! Infosys, ICICI Bank Lead Market Rout

Mumbai – On Friday, the BSE Sensex tumbled over 400 points, ending a three-day winning streak, primarily due to significant losses in Infosys and ICICI Bank. Infosys shares dropped 5.65%, marking their largest one-day decline since July 2023, following concerns about the quality of its earnings despite an optimistic revenue forecast.  ICICI Bank's stock also fell by 1.89% to ₹1,225.45, underperforming the broader market. The Nifty 50 mirrored this downturn, closing lower by 0.47% to 23,203.20 points.

 

Source: Reuters, Market Watch