Sensex dives 106 pts as IT tanks after Infy cuts guidance

July 15, 2016 19:26

Technology stocks took a hammering in the wake of muted guidance from Infosys, which pulled down the benchmark Sensex 106 points below the 28,000 mark at the close, while a 'terror attack' in France kept the market on the edge.

The IT index bore the brunt after Infosys slashed its full-year revenue guidance, which triggered a massive sell-off in the technology sector pack, where the fall was across the board. Risk sentiment soured further after a gunman ploughed a truck into a crowd in France, killing at least 80 people, which roiled European shares.

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