Infosys bounces back 6% from day’s low on heavy volumes

Shares of Infosys slipped 4 per cent to Rs 615, but recovered later, on the BSE on Wednesday as sentiment continued to remain subdued due to window-dressing allegations by whistleblower groups.

At 10:30 am, the stock was trading 1.3 per cent higher at Rs 651 per share. In comparison, the S&P BSE Sensex was ruling 0.42 per cent higher. The stock bounced back 6 per cent from day’s lows and touched an intra-day high of Rs 655.35 apiece. Trading volumes more than doubled on the counter in the intra-day deals.

According to news reports, markets regulator Securities and Exchange Board of India (Sebi) could seek clarification from the IT major on charges level levelled by the whistle-blower.