AGL 38.10 Decreased By ▼ -0.05 (-0.13%)
AIRLINK 129.15 Increased By ▲ 4.08 (3.26%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.68 Increased By ▲ 0.23 (5.17%)
DCL 8.51 Increased By ▲ 0.60 (7.59%)
DFML 39.04 Increased By ▲ 1.70 (4.55%)
DGKC 81.28 Increased By ▲ 3.51 (4.51%)
FCCL 32.77 Increased By ▲ 2.19 (7.16%)
FFBL 74.80 Increased By ▲ 5.94 (8.63%)
FFL 12.73 Increased By ▲ 0.87 (7.34%)
HUBC 109.29 Increased By ▲ 4.79 (4.58%)
HUMNL 13.90 Increased By ▲ 0.41 (3.04%)
KEL 5.10 Increased By ▲ 0.45 (9.68%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 38.65 Increased By ▲ 2.21 (6.06%)
NBP 72.38 Increased By ▲ 6.46 (9.8%)
OGDC 186.00 Increased By ▲ 6.47 (3.6%)
PAEL 25.30 Increased By ▲ 0.87 (3.56%)
PIBTL 7.40 Increased By ▲ 0.25 (3.5%)
PPL 151.75 Increased By ▲ 8.05 (5.6%)
PRL 25.39 Increased By ▲ 1.07 (4.4%)
PTC 17.30 Increased By ▲ 0.90 (5.49%)
SEARL 82.00 Increased By ▲ 3.43 (4.37%)
TELE 7.60 Increased By ▲ 0.38 (5.26%)
TOMCL 32.68 Increased By ▲ 0.71 (2.22%)
TPLP 8.43 Increased By ▲ 0.30 (3.69%)
TREET 16.75 Increased By ▲ 0.62 (3.84%)
TRG 55.80 Increased By ▲ 1.14 (2.09%)
UNITY 28.60 Increased By ▲ 1.10 (4%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,567 Increased By 477.8 (4.74%)
BR30 31,030 Increased By 1520.9 (5.15%)
KSE100 98,640 Increased By 4066.3 (4.3%)
KSE30 30,784 Increased By 1339.2 (4.55%)

Indian shares fell on Friday led by Infosys Ltd that plunged after the resignation of Chief Executive Vishal Sikka heightened uncertainty about the IT services provider's future. However, the BSE and NSE indexes still posted their biggest weekly gain in five.
The benchmark BSE index closed down 0.85 percent at 31,524.68, but gained nearly 1 percent in the week. The broader NSE index ended 0.67 percent lower at 9,837.40, but rose 1.3 percent for the week. Infosys shares closed down 9.6 percent, their biggest daily fall in more than four years.
Sikka resigned as chief executive and managing director of Infosys with immediate effect and the country's no.2 IT services company named U.B. Pravin Rao as his interim replacement. Infosys shares fell as much 9.4 percent to their lowest since June 28, on way to their steepest intraday percentage loss since April 2013.
Sentiment was also hit as Asian shares joined a global retreat from riskier assets on rising doubts about US President Donald Trump's ability to deliver his economic agenda. But Indian indexes were still headed for their sixth weekly gain in seven, though they remain below the record highs hit on August 2.
"There is some dip because of Infosys. Market is under pressure, the uptrend which was there since December is under pressure," said Anupam Singhi, chief operations officer, Marketsmith India, part of William O'Neil India. Drug makers, which have significant exports to the United States, also dropped, with the Nifty Pharma index falling as much as 1.7 percent. But Infosys' rivals gained, with Tech Mahindra and Tata Consultancy Services rising over 2.5 percent each. Bank shares were also big drag on the indexes.

Comments

Comments are closed.