Get latest articles and stories on Latest News at LatestLY. Shares of Infosys tanked 9 per cent in early trade on Monday, wiping out Rs 47,907.7 crore from its market valuation, after the company s March quarter earnings came in below expectations. Latest News | Infosys Shares Tumble 9 Pc; Mcap Tanks Rs 47,907 Cr Post Earnings Announcement.
Investors' wealth tumbled over Rs 3.39 lakh crore in morning trade on Monday as equity markets went into a tailspin, with the Sensex plunging 1,291.93 points.
The rupee weakened to its lowest in nearly a month, tracking a decline in domestic stocks as inflation surged and as oil prices climbed to their highest in nearly three weeks on supply fears from the prospect of more sanctions on Russia as the crisis in Ukraine deepens.