Infy falls 2% after losing pride of place in Nasdaq 100

Shares of Infosys , the second largest software services exporter in India, dropped 2 percent on Wednesday as the IT bellwether will not be a part of Nasdaq 100 with effect from next Wednesday.

"Facebook Inc announced that it will become a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Technology Sector Index prior to market open on December 12, 2012. Facebook Inc. will replace Infosys Limited," Reuters said.

The stock lost 3 percent in last five consecutive sessions, underperforming the BSE IT Index as well as Sensex. The Sensex gained 3 percent and IT Index slipped 1.6 percent in five days.

Since the close of September 14, 2012, the stock shed 10 percent.
 
At 10:22 hours IST, Infosys fell 1.97 percent to Rs 2,389.50 on the National Stock Exchange. Market capitalisation of the company currently stands at Rs 137,212.84 crore.

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