Mumbai, April 15: The BSE Sensex fell 310 points to 19,386.82 on lower-than-expected Infosys results for the fourth quarter, while higher-than-projected inflation numbers further fuelled investor fears of hike in interest rates.
Infosys Technologies, which has the second heaviest weightage in the 30-share BSE index, was the top loser from the Sensex pack, falling 9.59 per cent and dragging down the index by nearly 195 points.
The company’s consolidated Q4 net profit growth of 13.62 per cent was below market expectations, analysts said.
Besides, rise in inflation to 8.98 per cent in March, from 8.31 per cent in the previous month impacted the market sentiment negatively.
The Bombay Stock Exchange Sensex moved between 19,700.96 and 19,337.12 before concluding the day at 19,386.82, a net loss of 310.04 points or 1.57 per cent.
In the previous session, it had gained 434.32 points or 2.25 per cent.
-Agencies