Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit a new 52-week low

Infosys shares crashed 9 percent to a new 52-week low, wiping out about Rs 40,000 crore in market value within minutes. The selloff was triggered by a 10 percent overnight fall in Infosys ADRs after Accenture lowered its FY26 guidance, signalling weak discretionary IT spending in North America, compounded by a hawkish US Federal Reserve policy stance that lifted rate-hike expectations. The development dragged the broader Indian IT sector, with TCS, Wipro and other peers falling up to 8 percent; the Nifty IT index is down 29 percent YTD in 2026, while Infosys has lost 36 percent.