Markets came down today,the sensex down by 270 points coming down to 31524 and the Nifty was down by 67 points at 9837. The main reason being the resignation of the CEO Shri Vishal Sikka. Mr. Sikka has stated that he is sad of the alllegations made on him by the promoters mainly mentioning Mr. Narayan Murthy.
Infosys being a stock which has weightage, on the Sensex and Nifty, has caused a bad crash in the stock market.
Tings don’t seem to be going on well with Mr. Sikka and Narayan Murthy. Mr. Murthy has said that, he will respond to the allegations at the right time. Otherwise the Markets dont seem to be in a rude shock, except for the initial reactions it has recovered a bit. Many stocks have fallen down marginally. One should not hurry to buy stocks.
