Infosys Shares Plunge 4% to Intraday Low Following Analyst Downgrade

Infosys Ltd shares experienced a sharp decline during today's trading session, hitting an intraday low of Rs 1,407.9. The stock fell by 4.38% from its previous close, weighed down by broader market softness and underperformance within the IT sector. Following these performance challenges, Markets Mojo downgraded the stock's rating to 'Hold' from its previous standing. Technical analysis shows that the stock is now trading below all its key moving averages, signaling sustained bearish momentum. This technical breakdown suggests further pressure on the stock in the near term as it struggles to find support. The decline in Infosys reflects the current cautious sentiment surrounding large-cap technology firms in the Indian market.