Infosys spoils mood; these 25 stocks hit fresh 52-week low on Friday
Benchmark BSE Sensex was down over 200 points following selling in IT major Infosys.
By ETMarkets.com | Updated:
NEW DELHI: Over 25 companies on NSE hit fresh 52-week low in morning trade on Friday.
The list includes, Goenka Diamond and Jewels, Inox Wind, Ponni Sugar, Religare Enterprises, Surana Solar and United Breweries (Holdings).
Benchmark BSE Sensex was down over 200 points following selling in IT major Infosys.
Shares of Infosys plummeted over 7 per cent after Vishal Sikka resigned as MD and CEO with immediate effect.
Weak global cues on a deadly attack in Spain and rising concerns over the fate of US President Donald Trump's economic agenda also influenced investor sentiment.
With 2.65 crore shares, Infosys emerged as most active stock in terms of volume on NSE in morning trade on Friday. It was followed by Hindalco Industries (number of shares traded: 0.50 crore), SBI (0.48 crore) and Vedanta (0.47 crore).
On the other hand, BEML, Emkay Global Financial Services, Blue Star, GVK Power, Poddar Housing, SMS Lifesciences, Sunflag Iron and Steel and Pennar Industries hit their fresh 52-week high in morning trade.
The list includes, Goenka Diamond and Jewels, Inox Wind, Ponni Sugar, Religare Enterprises, Surana Solar and United Breweries (Holdings).
Benchmark BSE Sensex was down over 200 points following selling in IT major Infosys.
Shares of Infosys plummeted over 7 per cent after Vishal Sikka resigned as MD and CEO with immediate effect.
Weak global cues on a deadly attack in Spain and rising concerns over the fate of US President Donald Trump's economic agenda also influenced investor sentiment.
With 2.65 crore shares, Infosys emerged as most active stock in terms of volume on NSE in morning trade on Friday. It was followed by Hindalco Industries (number of shares traded: 0.50 crore), SBI (0.48 crore) and Vedanta (0.47 crore).
ADVERTISEMENT
On the other hand, BEML, Emkay Global Financial Services, Blue Star, GVK Power, Poddar Housing, SMS Lifesciences, Sunflag Iron and Steel and Pennar Industries hit their fresh 52-week high in morning trade.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Vedanta Power, Aluminium, Oil & Gas and Iron shares soar up to 5%. Which stock looks best placed?2026-06-22T04:49:05Z- US Stock Market: Warsh reshapes Fed playbook with leaner messaging and reform agenda2026-06-22T04:42:08Z
- US Stock Market: Micron earnings to test strength of AI-fuelled Wall Street rally2026-06-22T04:10:12Z
The move that at first looked like a redux of the Cyrus Mistry episode at the Tata Group was culmination of a cold war between the former top SAP hand and Infosys co-founders, especially NR Narayana Murthy.
Infosys said Sikka's decision was part of a management rejig and he has been appointed as Executive Vice-Chairman of the company. But Sikka's resignation letter had more to it than what meets the eye.
Here are the 10 key points he cited in the letter:-
Also read: Separation blues: Vishal Sikka updates Twitter bio, posts e-mail on personal blog
ADVERTISEMENT
