Infosys dips after block deals

At 09:46 am, around 5.6 million equity shares of Infosys changed hands, the BSE data shows.

Infosys has dipped 3% to Rs 1,164, falling 4% from its intra-day high on the BSE, after nearly six million equity shares changed hands via multiple block deals.

At 09:46 am, around 5.6 million equity shares representing 0.24% of total equity of Infosys changed hands, the BSE data shows. However, the name of the buyer and seller of the equity shares was not immediately ascertained.

Read more from our special coverage on "INFOSYS"

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• Infosys promoters sell stake via block deals

In last month, Infosys co-founders S Gopalakrishnan and S D Shibulal had offloaded around 7.5 million equity shares in the Bengaluru-based information technology services company.

At 10:08 am, the stock was trading 1.8% lower at Rs 1,180 after hitting high of Rs 1,215 on BSE in early morning trade. The stock was down 1.5% at Rs 1,182 on the NSE. It hit a high of Rs 1,208 and low of Rs 1,175 so far. A combined 6.17 million shares changed hands on the counter on the BSE and NSE so far.

On Monday, the stock hit a record high of Rs 1,250 on the BSE in intra-day trade. It had outperformed the market by gaining 9% thus far in 2016 as compared to 5% decline in the S&P BSE Sensex.