Market opens on a volatile note; Infosys tanks 14 per cent

MUMBAI: Equity benchmarks BSE Sensex and NSE Nifty stared on a volatile note on Tuesday as index heavyweight Infosys dampened the rally in energy and banking stocks in early trade.

Shares of Infosys plunged up to 14 per cent after an anonymous group claiming to be employees of the IT major placed a whistleblower complaint to the company’s board, accusing CEO Salil Parekh and CFO Nilanjan Roy of indulging in unethical practices to boost short-term revenue and profits.

After swinging nearly 300 points in early session, the 30-share index was trading 82.38 points, or 0.21 per cent, lower at 39,216 in morning trade.