The BSE benchmark Sensex loses about 230 points and shares of Infosys plunged over 7% after Vishal Sikka resigned as MD and CEO of Infosys.
Meantime, U B Pravin Rao, the present Chief Operating Officer, was appointed as the Interim-MD and Chief Operating Officer of Infosys limited.
The markets also registered intense selling pressure in recent gainers. The Sensex plunged by 207.75 points or 0.65% to 31,587.711 led by IT, teck, bank, healthcare, metal, auto and realty, tumbling up to 2.43%.
Four stocks turn ex-dividend
The stock of Jubilant Food Works, L&T Fin Holdings, InterGlobe Aviation and Kaveri Seed were trading in the negative terrain during the early morning trade on Friday subsequent on their announcement of the dividend.