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Shares of India's second largest IT major Infosys fell more than 4%, on reports of investigation into visa irregularities in the US. High beta metal stocks fell with Hindalco, JSW Steel and Sterlite Industries losing heavy ground.
Other shares that nosedived today included the ADAG stocks including Reliance Communications, Reliance Infrastructure and Reliance Power.
Marketmen fear that the ongoing woes in Europe may continue to have a cascading effect on the markets.
Among gainers today were Reliance Industries, Sun Pharma, ACC and NTPC. Reliance Industries rose after a few brokerage firms recommended the stock, after the company put up a good financial performance in Q4.
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