The BSE-IT index led the fall in the stock market today,shedding 1.35 per cent,with heavyweight Infosys plunging nearly 2 per cent a day after it posted lower-than expected first quarter numbers. The IT index on Bombay Stock Exchange settled at 5,325.02,down 1.35 per cent from the previous close. Meanwhile the 30-share benchmark Sensex finished the day 0.27 per cent down at 17,938.16 after remaining firm in the first half. Software major Infosys Technologies,which carries the maximum weight on the Sensex after RIL,tanked 1.9 per cent to close at Rs 2,742.30 on BSE. The scrip today contributed 33.13 points to the overall fall in the Sensex. Yesterday,the IT bellwether had plunged 3.5 per cent after it reported a 2.4 per cent fall in net profit. "Infosys,whose results set the mood of the entire market,posted disappointing first quarter numbers. The counter fell with heavy volumes,due to which the entire IT pack came under pressure," SMC Global Vice-President Rajesh Jain said. The country's largest software exporter,TCS,today ended marginally down by 0.3 per cent,at Rs 774.65,ahead of the announcement of its first quarter results tomorrow. The other IT-majors,Wipro and HCL Technologies,also shed 1.89 per cent and 1.07 per cent respectively on the BSE.
