Infosys Stock Update: Shares Jump 2% on Positive IT Sector Sentiment
Infosys (NSE: INFY) share price is up +2.39% to ₹1,020.85 in an intraday stock update, driven by positive IT sector sentiment despite US green card program suspension.
Infosys (NSE: INFY) is witnessing a strong uptrend in early trading today, with the stock currently trading at ₹1,020.85, marking a significant gain of +2.39% from its previous close of ₹997.00. The IT major opened the session higher at ₹1,007.30 and has since climbed to an intraday high of ₹1,025.50, maintaining positive momentum throughout the early hours. The intraday low for the day stands at ₹1,007.30, indicating a consistent upward trajectory from the open. With a trading volume of 1,422,192 shares, activity appears steady as investors react to a confluence of recent developments affecting the Indian IT services landscape.
| INFY – Stock Updates as of (9:19AM, 09 Oct 2026) | |||
LTP ₹1,020.85 | Open ₹1,007.30 | High ₹1,025.50 | Low ₹1,007.30 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 1,422,192 | % Chg +2.39% |
52-Week Context
Specific 52-week high and low data for Infosys are currently unavailable, preventing a direct comparison to its annual trading range. However, today's robust upward movement sees the stock making a strong recovery from recent trading sessions. This positive swing suggests that the market is currently viewing the stock with renewed optimism, potentially aiming to test higher levels as the session progresses. The significant percentage change indicates a noteworthy shift in investor sentiment for the current trading period.
Latest Developments
Today's positive movement in Infosys comes amidst a mix of recent news, with broader sector sentiment appearing to outweigh specific company-level headwinds. A key driver for the uplift in the Indian IT sector, including Infosys, was the stronger-than-expected annual revenue growth forecast from global IT services firm Accenture earlier this week. Accenture's results, often seen as a bellwether for Indian IT companies, have lifted overall sentiment and helped ease concerns that AI-driven disruption might dampen technology spending. Analysts increasingly view the enterprise-scale adoption of AI as a significant new growth opportunity, a perspective that could benefit Infosys given its strategic collaborations in AI, such as the recent partnership with Columbia University to establish the Infosys Topaz - Columbia University Enterprise AI Center. Furthermore, a recent report indicates that India's active technology job market has climbed to an 18-month high in October, with IT services firms driving this recovery, suggesting a healthier demand environment for the sector.
However, Infosys also faces a notable headwind from the US, where the company, along with other major Indian IT outsourcers, was suspended from a key green-card program yesterday. The US Labor Department will halt new and pending permanent labor certification applications involving these companies as part of a broader crackdown on immigration, which could impact talent acquisition and operational flexibility. Despite this, the current market action suggests investors are either shrugging off this negative news in the short term, or have already factored it into valuations, preferring to focus on the more optimistic sector-wide demand signals and the evolving narrative around AI adoption. While the broader Indian IT sector is still expected to post muted growth in Q2 FY27 due to pricing pressures and geopolitical headwinds, the shift towards large AI-led transformation projects offers a silver lining. Infosys itself is slated to announce its Q2 FY27 financial results on October 23, 2026, with the board also considering an interim dividend, which will be a key event for investors later this month.
Outlook
For the remainder of the session, traders will be closely watching if Infosys can sustain its current gains and potentially test higher resistance levels. The market's reaction to the recent US green card program suspension and ongoing sentiment around AI adoption will dictate further movements, especially as the Q2 earnings season for IT majors progresses.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Oct 09, 2026 09:18 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
