Infosys shares erase opening gains; close over 2 pc lower

NEW DELHI: Shares of Infosys on Thursday erased its opening gains and closed over 2 per cent lower on emergence of profit-booking a day after the company announced its September quarter earnings.

Even after opening with over 4 per cent gains and hitting a record high of Rs 1,185, the stock failed to maintain the momentum and dipped 2.47 per cent to close at Rs 1,108 on the BSE. During the day, it tanked 3.79 per cent to Rs 1,093.

After similar movement, it dropped 2.09 per cent to close at Rs 1,113.25 on the National Stock Exchange (NSE).