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Sensex snaps two-day rally as IT counters see heavy selling

Infosys shares settle 9% lower after hitting one-year low; support seen at Rs 1,200 level, analysts say

Infosys share price: The stock traded lower than the 5-day, 20-, 50-, 100- and 200-day moving averages. The counter's 14-day relative strength index (RSI) came at 24.67. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 24.98. It has a price-to-book (P/B) value of 8.58.

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