Sensex falls over 200 points; Infosys slumps around 7 percent

Reuters Market Eye - The BSE Sensex nearly 1 percent, while the broader Nifty is lower 0.8 percent.

If sustained until the close, it would mark the Nifty's third losing session over the previous four as shares have retreated from a record high hit on May 16.

Foreign investors sold Indian shares worth 2.87 billion rupees ($48.8 million) on Wednesday, as per provisional exchange data, extending their selling streak to a third consecutive day, marking a cumulative sales of $90.6 million in that period.

Infosys Ltd falls 7.3 percent after its president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned, becoming the latest senior manager to leave the company.

 

A stronger rupee is hitting other software services exporters. Wipro Ltd falls nearly 2 percent.

Hero MotoCorp falls 0.6 percent after its January-March profit adjusted for other income lagged some analysts' estimates.

(Reporting by Abhishek Vishnoi)