3i Infotech erases gains, ends down 2%

The stock erased all its gains and slipped into the negative terrain to touch a low of Rs 90. The scrip finally ended at Rs 91, down 2% from its previous close. The counter clocked volumes of 3.71 million shares as compared to the two-week daily average traded volumes of 1.11 million shares on the BSE.
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(Updated at 1058hrs)

3i Infotech has gained on news of stake sale by ICICI Bank.

ICICI Bank plans to sell stake in 3i Infotech to an US-based PE firm.

3i Infotech opened at Rs 94, and touched a high of Rs 96 in early morning trades. The stock is now up 1.5% at Rs 94. The counter has seen brisk trading, with over 18 lakh shares changing hands at the counter on the BSE as against its two-week average traded volume of around 11.12 lakh shares.