Sensex opens 200 points lower, Nifty below 9850

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Infosys slipped as much as 6.09 percent in morning trade on Friday after the board of directors of Infosys Ltd said that they have accepted the notice of resignation of Dr. Vishal Sikka as the Managing Director and CEO, effective immediately.

Mr. U. B. Pravin Rao has been appointed Interim Chief Executive Officer and Managing Director reporting to Dr. Sikka under the overall supervision and control of the Company’s Board.

In his notice of resignation to the Board, Dr. Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management's ability to accelerate the Company's transformation.

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