Infosys Stock Update: Shares Slip 2.68% Amid IT Sector Weakness
Infosys (INFY) share price trades at ₹1,036.80, down 2.68% today, as the stock update reflects broader IT sector weakness and concerns over global tech demand.
Infosys (NSE: INFY) is currently witnessing significant selling pressure in Tuesday's intraday trade, with its shares trading at ₹1,036.80, down 2.68% from its previous close of ₹1,065.40. The IT major opened lower at ₹1,053.80 and has since dipped to an intraday low of ₹1,035.00, just marginally above its day's high of ₹1,055.30. The current price action indicates a continuation of the bearish sentiment that has gripped the broader IT sector. Volume at 777,958 shares appears subdued, suggesting that while the selling is persistent, it is not yet accompanied by an overwhelming surge in trading activity.
| INFY – Stock Updates as of (9:16AM, 23 Jun 2026) | |||
LTP ₹1,036.80 | Open ₹1,053.80 | High ₹1,055.30 | Low ₹1,035.00 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 777,958 | % Chg -2.68% |
52-Week Context
While specific 52-week high and low data are marked as not available for today's trading, Infosys shares were reported to have closed just 3.01% above their 52-week low of ₹1,030 on Monday, June 22, 2026. Today's intraday low of ₹1,035.00 puts the stock precariously close to this critical annual support level, suggesting that the current downtrend is actively testing important long-term price floors. The stock's performance reflects the ongoing anxieties within the IT sector, intensified by recent global developments.
Latest Developments
The current downturn in Infosys's share price appears to be largely influenced by lingering negative sentiment from the broader Indian IT sector, which experienced a "massive crash" on June 19, 2026, following weaker-than-expected guidance from global IT bellwether Accenture. While Indian IT stocks, including Infosys, saw a slight recovery on Monday as investors "bought the dip" amid attractive valuations, today's trading suggests that the bearish overhang persists. On June 22, Infosys had gained 1.95% to ₹1,071.90, but this recovery has been fully erased today. Options data from June 22 also indicated notable activity in put contracts at the ₹1,060 strike price, signaling cautious risk management or bearish positioning among traders as the stock hovered near its 52-week low.
In corporate news, Infosys announced a new strategic collaboration with IHH Healthcare on June 23, 2026, for a multi-year, enterprise-wide ERP transformation program leveraging Infosys' AI-first capabilities through Infosys Topaz. This positive development highlights the company's focus on AI-driven solutions and securing new deals. However, it appears to be overshadowed by broader sectoral concerns, including fears surrounding AI's potential disruption to IT jobs and global technology spending slowdowns. The company's 45th Annual General Meeting (AGM) is also scheduled for today, June 23, 2026, at 4:00 p.m. IST, which might offer further insights into the company's outlook.
Outlook
Investors will be closely watching how Infosys shares react around the ₹1,030–₹1,035 support zone for the remainder of the session, given its proximity to the recently noted 52-week low. The performance of the broader Nifty IT index and any further announcements from the company's AGM will also be crucial factors influencing intraday movements.
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 Jun 23, 2026 09:17 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
