<p>Shares of TCS settled 4.16 per cent lower at Rs 967.25 on the BSE. During the day the stock shed 6 per cent. Investors also flee from other IT blue-chips, like Infosys and Wipro.<br />Infosys plunged 3.68 per cent to close at Rs 2,377.10, while Wipro's stock went down by 3.18 per cent to end at Rs 347.25.<br /><br />Infosys slipped to its one-year low level of Rs 2,350 during the day.<br />"IT counters witnessed heavy selling for yet another day. Fear of US recession hurting IT companies' revenues, negated the sentiments on these counters," Bonanza Portfolio Senior Research analyst Shanu Goel said.<br /><br />Widespread selling was witnessed at the counter of other IT companies as well, with Patni Computer tumbling 5.12 per cent and HCL Tech by 1.89 per cent.<br /><br />Mirroring weakness in these stocks, the BSE IT index ended the day at 5,041.44, down 3.47 per cent. During the day, the index went down to hit its 52-week low of 4,978.85.<br />Analysts also said that stocks of export-focused sectors were among the worst affected, as the US and Europe are the main overseas buyers of Indian goods.<br /><br />The BSE Sensex ended down by 132.27 points at 16,857.91.<br />The bellwether index oscillated between a days' high of 17,135.04 and a low of 16,432.<br />With today's 132-point loss, the Sensex has lost a total of 1,454 points in past six trading sessions.<br /><br />The global markets have been in a bad shape for past two days, after the creditworthiness of the US was downgraded by Standard and Poor's amid the American economy's mounting debt worries.</p>
<p>Shares of TCS settled 4.16 per cent lower at Rs 967.25 on the BSE. During the day the stock shed 6 per cent. Investors also flee from other IT blue-chips, like Infosys and Wipro.<br />Infosys plunged 3.68 per cent to close at Rs 2,377.10, while Wipro's stock went down by 3.18 per cent to end at Rs 347.25.<br /><br />Infosys slipped to its one-year low level of Rs 2,350 during the day.<br />"IT counters witnessed heavy selling for yet another day. Fear of US recession hurting IT companies' revenues, negated the sentiments on these counters," Bonanza Portfolio Senior Research analyst Shanu Goel said.<br /><br />Widespread selling was witnessed at the counter of other IT companies as well, with Patni Computer tumbling 5.12 per cent and HCL Tech by 1.89 per cent.<br /><br />Mirroring weakness in these stocks, the BSE IT index ended the day at 5,041.44, down 3.47 per cent. During the day, the index went down to hit its 52-week low of 4,978.85.<br />Analysts also said that stocks of export-focused sectors were among the worst affected, as the US and Europe are the main overseas buyers of Indian goods.<br /><br />The BSE Sensex ended down by 132.27 points at 16,857.91.<br />The bellwether index oscillated between a days' high of 17,135.04 and a low of 16,432.<br />With today's 132-point loss, the Sensex has lost a total of 1,454 points in past six trading sessions.<br /><br />The global markets have been in a bad shape for past two days, after the creditworthiness of the US was downgraded by Standard and Poor's amid the American economy's mounting debt worries.</p>