Sensex closes 175 points down, Nifty settles at 8,143.60; IT stocks fall -- 12 Oct 2015

The BSE Sensex and NSE Nifty closed in red after software stocks declined, led by Infosys as it reduced its full-year US dollar revenue growth guidance, while worries over September retail inflation which could edge higher also weighed on the market. Sensex closed 175.40 points down at 26,904. Nifty closed 46.10 points down at 8,143.60.

                                 

Infosys, India’s second-largest software services exporter by revenue, on Monday cut its fiscal year 2016 revenue forecast saying broad weakness in IT spending and a stronger dollar were making clients wary, sending its shares sliding as much as 5 percent.

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