Markets

Indian shares open lower, dragged by IT stocks

Published July 21, 2023 Updated July 21, 2023 09:27am
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BENGALURU: Indian shares opened lower on Friday, dragged by information technology (IT) stocks after top software services provider Infosys slashed its revenue guidance, citing weakness in client spending amid weak global cues.

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The Nifty 50 index fell 0.89% to 19,800.45, while the S&P BSE Sensex lost 0.98% to 66,907.07, as of 9:15 a.m. IST.