Infosys, Wipro shares crash to 6-year lows as IT sell-off gathers pace; what is weighing on the sector?
Mint 1 hr ago·29 Sept 2026, 1:06 pm
Infosys shares have fallen to a six-year low, reflecting a broader and severe downturn in the Indian IT sector. The stock has dropped sharply, trading below the critical ₹1,000 mark, as investor sentiment turns negative. This decline is part of a wider trend affecting major IT firms, driven by concerns over slowing global growth and a shift in how technology services are being purchased.
The primary reason for this pressure is the fear that Artificial Intelligence (AI) will reduce the demand for traditional IT services. Investors are worried that companies may spend less on routine software maintenance and more on AI tools. Additionally, the sector is facing headwinds from a stronger US dollar and slower earnings growth, which has led to a re-rating of IT stocks.
Investors should watch for upcoming quarterly results to see if the worst is over. The key will be management commentary on how they are adapting to the AI trend and whether client spending is stabilizing. Until there is clear evidence of a turnaround in global demand and a resolution to the AI disruption fears, the sector is likely to remain volatile.
Excerpt from Mint
Infosys and Wipro stocks have faced relentless selling pressure, with Infosys falling below ₹ 1,000 and Wipro hitting a six-year low. The IT sector has seen its worst downturn since 2022 amid concerns about AI disruption and weak earnings growth. Shares of Infosys and Wipro , the country's second largest and…Read the original at Mint
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Infosys (INFY).
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Infosys and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
