Infosys Shares Slide 1.3% as India IT Index Hits Three-Year Low
Infosys shares slid 1.3% as India’s IT index dropped to its lowest level in three years after analysts cut FY26 revenue growth forecasts to under 10% due to weakening client demand and margin pressure. TCS and Wipro each dropped over 1% as major providers issued softer Q4 guidance.
1. Sector Index Plunge
India’s IT index fell to its lowest level in three years, declining 0.8% as investors reacted to a softer earnings outlook and concerns over slowing client spending across major service providers.
2. Infosys Drops With Peers
Infosys shares slid 1.3% in intraday trading, underperforming benchmarks alongside TCS and Wipro, each off over 1%, reflecting heightened sector-wide caution.
3. Analyst Downgrades
Several brokerages trimmed FY26 revenue growth estimates to below 10% and warned of margin compression, citing weaker demand from financial services and retail clients.