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Nifty falls to 5,250, Infosys down 4%
"We do not expect meaningful improvement in RIL’s key businesses over the next 9-12 months and hence, retain our REDUCE rating on the stock," Kotak Securities said in a note.
23 Apr 2012, 12:24 PM IST 
A cyber cafe in China.
The BSE Sensex slipped to the lowest point of the day post noon Monday. At 12.16 pm, it declined 106 points or 0.6% at 17,268 while the broader Nifty index traded 36 points lower at 5,254.The IT index (-2.3%) on the BSE was the worst performer, mainly on the back of a sharp fall in Infosys (-4%). Infosys came under selling pressure after the company said it was being investigated in the US over erroneous employee verification forms. ...
