Indian equity benchmarks snapped a nine-day winning streak after Infosys tumbled over 9% and sparked a selloff in IT stocks, following the country’s No. 2 IT services exporter’s weak quarterly results and forecast.

Dear Trader… Indian equity indices ended in the red on Monday, snapping their nine-day winning streak, as shares of Infosys tumbled over 9% after the company’s dismal revenue outlook raised concerns about demand for Indian IT services amid global banking turmoil and recession fears. The 30-share BSE benchmark Sensex declined