Infosys, Wipro shares crash to 6-year lows as IT sell-off gathers pace; what is weighing on the sector?

Shares of Infosys and Wipro, the country’s second largest and fourth-largest IT services companies, have remained under sustained selling pressure, with the decline deepening further in Tuesday’s trade.

During the intraday session, Infosys shares breached the ₹1,000 mark again, falling to the ₹980 level before seeing a mild recovery to close the session. The stock was last seen around these levels in October 2020.