Sensex sheds 175 pts; Infosys drags IT index, metals shine
Technology stocks plunged after Infosys revised its FY16 dollar revenue guidance to 6.9-8.4 percent from 7.2-9.2 percent to factor in a stronger rupee. Its tepid volume growth in Q2 and CFO Rajiv Bansal's resignation also caused selling pressure in the stock but earnings were far better than expectations.