Sensex drops marginally; Infy up 5 per cent

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The BSE benchmark index Sensex today dropped marginally by 9 points despite a strong rally in Infosys. Markets cheered N R Narayana Murthy's return as the company's executive chairman. The 30-share index, which had tanked 455.10 points in the previous session after GDP fell to decade's low, dropped by 9 points, 19,753 points. The National Stock Exchange index Nifty lost 9 points in early trade.

Brokers said a fresh spell of buying in Infosys, following the return of N R Narayana Murthy as its Executive Chairman helped the Sensex.

As a result, stocks of the country's second largest software services major Infosys rallied 5 per cent to Rs 2,543. However, stocks of country's largest car-maker Maruti Suzuki India fell by 3.22 per cent to Rs 1,554.40, after the company reported 14.4 per cent decline in total sales in May. In Asia, Hong Kong's Hang Seng index was up 0.43 per cent, while Japan's Nikkei fell 2.76 per cent. The US Dow Jones Industrial Average ended 1.36 per cent lower in the previous session on Friday.

With inputs from PTI

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