Shares of Infosys settled 2 per cent lower on the bourses, a day after the IT services company announced its September quarter earnings.

The stock of the company declined 2.24 per cent to end at Rs 1,431.80 apiece on the BSE, emerging as one of the biggest laggards among the Sensex shares.

On the NSE, Infosys shares dropped 2.23 per cent to close the day at Rs 1,432.85.

On the volume trade, nearly 1.80 crore equity shares were traded on the NSE, while 11.35 lakh shares changed hands on the BSE.

Infosys on Thursday reported a 3.1 per cent year-on-year increase in net profit to Rs 6,215 crore in the September quarter.

The company, a major player in the IT services market, competes with firms such as TCS, Wipro and HCL Technologies. Its revenue increased 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.

While announcing the September quarter results, Infosys chief executive officer and managing director Salil Parekh said, “We had our highest large deal value at $7.7 billion in Q2 spread across all verticals and geographies.

“This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to evolving client needs,” Parekh added.

Sensex, Nifty down

Equity benchmark indices Sensex and Nifty declined for the second straight session on Friday following selling in banking, financial and select IT shares amid a weak trend in global markets.

The 30-share BSE Sensex dropped by 125.65 points or 0.19 per cent to close at 66,282.74 as 16 of its constituents fell and 14 advanced.

The broader Nifty of NSE fell by 42.95 points or 0.22 per cent to close at 19,751.05, with 27 of its components ending in the red and 23 in the green.