Sensex and Nifty tumble in the early trade as dragged down by IT counters

Indian shares fell on Monday as weaker-than-expected earnings from software services firm Infosys weighed on investor sentiment, with the benchmark BSE Sensex slipping 1.53% to 47,883.38 points, while the Nifty 50 index dropped 1.74% to 14,310.80 points. Infosys shares tumbled nearly 12% after it missed analyst estimates with its fourth quarter net profit and gave a weak revenue growth guidance of 4-7% for FY24. Other IT stocks, including Tata Consultancy Services and Wipro, also traded lower.

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