Moneycontrol PRO
HomeNewsBusinessCompaniesInfy falls 2% after losing pride of place in Nasdaq 100

Infy falls 2% after losing pride of place in Nasdaq 100

Shares of Infosys, the second largest software services exporter in India, dropped 2 percent on Wednesday as the IT bellwether will not be a part of Nasdaq 100 with effect from next Wednesday.

December 05, 2012 / 11:41 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Shares of Infosys, the second largest software services exporter in India, dropped 2 percent on Wednesday as the IT bellwether will not be a part of Nasdaq 100 with effect from next Wednesday.


    "Facebook Inc announced that it will become a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Technology Sector Index prior to market open on December 12, 2012. Facebook Inc. will replace Infosys Limited," Reuters said.


    The stock lost 3 percent in last five consecutive sessions, underperforming the BSE IT Index as well as Sensex. The Sensex gained 3 percent and IT Index slipped 1.6 percent in five days.


    Since the close of September 14, 2012, the stock shed 10 percent.
     
    At 10:22 hours IST, Infosys fell 1.97 percent to Rs 2,389.50 on the National Stock Exchange. Market capitalisation of the company currently stands at Rs 137,212.84 crore.

    Also Read
    Multibaggers: Tulsian picks First Leasing, Nahar Spinning
    Houseviews: 4 stocks likely to be in news today
    Bull's Eye: Buy Suzlon, Suven, Reliance Power, Unitech

    first published: Dec 5, 2012 10:32 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347