Infosys shares hit a six-year low on Tuesday amid a broad technology-sector sell-off, briefly falling below ₹1,000 before recovering to close slightly higher. [5, 11] The Nifty IT index fell 11% in September as concerns about muted growth and potential disruption from AI weighed on investor sentiment. [7]
The decline came ahead of Infosys’ second-quarter results. Analysts expect the company may lower its fiscal 2027 revenue growth guidance from the current 1.5%-3.0% range. [2]
Despite the intraday recovery, technical analysts said the overall trend remains negative, with major moving averages pointing downward. [5]