Infosys shares slip below ₹1,000 for first time since 2020 as IT rout deepens; m-cap falls to ₹4 lakh crore

Infosys shares slipped below ₹1,000 for the first time since September 2020, falling 1.1% to ₹986.90 on July 1, 2026, as the broader Indian IT sector rout deepened. The stock has lost nearly 40% in 2026 and corrected over 51% from its record high of ₹2,006, eroding around ₹2.53 lakh crore in market capitalisation and reducing its valuation to about ₹4 lakh crore. The sell-off reflects fears of AI-led disruption, muted earnings, weak FY27 guidance, expectations of a US Fed rate hike, and sustained FII selling, with the Nifty IT index falling around 32% year-to-date compared to an 8% decline in the benchmark Nifty 50.