Equity gauges in the red, Infosys plunges by 13 pc after whistleblower complaint

Mumbai (Maharashtra), Oct. 22 -- : Equity indices were in the red during early hours on Tuesday amid mixed global cues but software major Infosys plunged by nearly 13 per cent after a whistleblower complaint accused senior company officials of indulging in unethical practices.

At 10:15 am, the BSE S&P Sensex was down by 77 points at 39,222 while the Nifty 50 edged lower higher by 1 point to 11,660. Sectoral indices at the National Stock Exchange were mixed with Nifty IT down by 3.3 per cent and realty by 0.17 per cent. But Nifty pharma was up by 1.27 per cent and FMCG by 0.92 per cent.

Among stocks, Infosys was the top loser at Rs 667.85 per share -- down by 13.02 per cent -- a day after an anonymous group calling itself 'ethical employee...