Infosys plunged 4.5 percent followed by Dr Reddy’s Labs, TCS, Sesa Sterlite and Hindalco Industries with 2 percent loss. Index heavyweights Reliance Industries, ICICI Bank, L&T and HDFC Bank were marginally down.

The market fell further in afternoon trade with the Nifty breaking 8500 level. The index declined 47.15 points to 8491.15 while the Sensex slipped 158.33 points to 28299.77. About 1260 shares have advanced, 1318 shares declined, and 127 shares are unchanged. Infosys plunged 4.5 percent followed by Dr Reddy’s Labs, TCS, Sesa Sterlite and Hindalco Industries with 2 percent loss. Index heavyweights Reliance Industries, ICICI Bank, L&T and HDFC Bank were marginally down.

Investors bought more shares of Thangamayil Jewellery after State Bank of India mutual fund raised stake in the jewellery maker. The stock shot up 20.86 percent intraday to hit a fresh 52-week high of Rs 223.60 on the Bombay Stock Exchange.

The sharemarket extended losses in noon trade with the Sensex declining 102.22 points to 28355.88 and the Nifty losing 30.45 points to 8507.85. About 1290 shares have advanced, 1280 shares declined, and 120 shares are unchanged. Infosys, Jet Airways, Sintex Industries, SAIL, SBI, ITC and TCS were most active shares on exchanges. Infosys slipped 4.7 percent as 3.3 crore shares were traded in multiple blocks this morning in the price range of Rs 1,988 to Rs 2014. Reports indicated that the founders offloaded stake worth USD 1.1 billion in the company for personal, philanthropic reasons.

Coustery : http://www.moneycontrol.com/news/local-markets/nifty-breaks-8500-sensex-falls-150-pts-infosys-top-loser_1247136.html