Infosys, Wipro shares crash to 6-year lows as IT sell-off gathers pace; what is weighing on the sector?
AI Summary
The sustained decline in shares of Infosys and Wipro signals a troubling trend for the Indian IT sector, which is grappling with investor skepticism over growth prospects amid fears of AI disruption and rising interest rates. Retail investors should be cautious, as these stocks have not only underperformed but also reflect broader market sentiment that could lead to further volatility. This situation may present a buying opportunity for long-term investors, but they should remain vigilant about the sector's recovery trajectory and the impact of external economic factors.
Shares of Infosys and Wipro, the country's second largest and fourth-largest IT services companies, have remained under sustained selling pressure, with the decline deepening further in Tuesday's trade.
During the intraday session, Infosys shares breached the ₹1,000 mark again, falling to the ₹980 level before seeing a mild recovery to close the session. The stock was last seen around these levels in October 2020.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 29 September 2026.
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