MP Rana, Tuesday 12th July 2011 
Sensex today slashed to a 2 week low of about 18,412 points, showing a slump of a hopping 310 points in a single day, mainly led by the downward movement of stock prices of Infosys which has a significant weight in the BSE-30 scrip index.
The chief reason for a downward movement in stock prices of Infosys remained to be the falling industrial output and a bleak future of its market in the midst of anticipations pertaining to potential increase in the coverage of euro-zone debt crises over more nations in the near future.
According to the experts, Infosys alone contributed around 80 points to the total index fall after it released the first quarter results which clearly demonstrated an unfavourable future; thus making it the top loser in the performance charts today. Other heavy weight scrips leading to a net downfall were HDFC, L&T, RIL, SBI, ICICI, M&M, Tata Steel, and Tata Motors.
The BSE-30 scrip index opened today at 18,534.11 points after the total fall of 356 points during the last two trading sessions, and moved south further to a low of 18,326.42 during the day before recovering.
With inputs form market correspondent Somil Gupta
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