Sensex was down 242.49 points at 18299.71, and the Nifty down 70.45 points or 1.12% at 5523.55. The Indian rupee gained 17 paise in the opening trade at 54.34 per dollar versus 54.51 Wednesday.The euro rose to 1.31 to the dollar. The dollar index slipped to 82.20 levels.
Kotak Mahindra Bank was up around 1% as the kotak mahindra managment has assumed issue of 2 crore shares to Heliconia at Rs 648 share. It will raise Rs thirteen hundred crore (1300 crore) via the preferential allotment.
Infosys Ltd share plummeted 15 percent weak revenue outlook. Infosys shares were trading down 17 percent at 2420 rupees in early trade. Infosys opponent technology shares also down with TCS share down 2.6 %, Wipro share losing 4.8 % and HCL Technologies share down 3 %.
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