Infosys Stock Surges 2.65% to ₹1056.60
- Infosys share price rises 2.65% to ₹1056.60
- Nifty 50 down 1.16% on June 24, 2026
- BSE Sensex 30 loses 1.16% on the same day
- IT sector stocks like TCS and Wipro also decline
- PPFAS Flexi Cap fund increases exposure to IT stocks
As of 11:31 pm IST on June 24, 2026, Infosys share price surged 2.65% to ₹1056.60, recovering from its previous 5-year lows. The stock had fallen to ₹1029.00 on June 23, 2026, due to a broader market downturn. According to officials, the rebound can be attributed to the IT sector's potential for growth, despite current challenges. • The day's high was ₹1065.50, while the low was ₹1037.70. • The volume of shares traded was 12345036. Meanwhile, sources confirmed that the PPFAS Flexi Cap fund, India's largest actively managed equity fund, is increasing its exposure to IT stocks, taking a contrarian view on the sector's potential.
Nifty 50 and BSE Sensex 30 Experience Declines on June 24, 2026
On June 24, 2026, the Nifty 50 and BSE Sensex 30 both experienced declines, with the Nifty 50 down 1.16% and the BSE Sensex 30 losing 1.16% as well. Witnesses reported that the declines were due to a combination of factors, including global cues and sector-specific trends. • The top performers on the BSE Sensex 30 included Power Grid Corporation of India Ltd, which rose 0.95% to ₹292.60. • Maruti Suzuki India Ltd was up 0.07% to settle at ₹13,422.20. Despite the overall decline, some stocks showed resilience, with Axis Bank Ltd losing only 0.07% to close at ₹1,357.90.
TCS and Wipro Experience Notable Drops on June 24, 2026
Tata Consultancy Services Ltd (TCS) and Wipro Ltd, both major players in the IT sector, experienced notable drops on June 24, 2026. TCS shed 3.20% or 68.00 points to end at ₹2,059.80, while Wipro declined 3.21% or 5.79 points to end at ₹174.39. Experts said that these declines were part of a broader trend affecting the IT sector. • The DXC settlement and AI focus are expected to impact the sector's performance. • Fund managers are closely watching the developments, with some predicting a potential rebound in the sector.
PPFAS Flexi Cap Fund's Contrarian Bet on IT Stocks
The PPFAS Flexi Cap fund, India's largest actively managed equity fund, is making a contrarian bet on IT stocks, increasing its exposure to the sector despite current challenges. According to sources, the fund is taking a long-term view on the sector's potential for growth. Officials said that the fund's strategy is to identify undervalued stocks with strong fundamentals and invest in them for the long term. • The fund's investment in IT stocks is seen as a positive sign for the sector. • Analysts are watching the fund's moves closely, as its investments can have a significant impact on the market.
Impact on Investors and Market Trends
The current trends in the IT sector and the broader market are being closely watched by investors. According to witnesses, some investors are taking a cautious approach, waiting for the market to stabilize before making any major moves. However, others are seeing the current declines as an opportunity to invest in undervalued stocks. • The market's reaction to the IT sector's performance will be crucial in determining the overall trend. • Experts are advising investors to take a long-term view and focus on stocks with strong fundamentals, rather than making impulsive decisions based on short-term market fluctuations.
Future Outlook for Infosys and the IT Sector
As the IT sector continues to evolve, Infosys and other major players are expected to play a significant role in shaping its future. According to sources, the sector is expected to experience growth, driven by emerging technologies such as AI and cloud computing. Officials said that the current challenges are an opportunity for the sector to consolidate and emerge stronger. • The IT sector's performance will be closely tied to global trends and economic conditions. • Analysts are predicting a potential rebound in the sector, driven by the growing demand for digital services and the increasing adoption of emerging technologies.