Written and reviewed by Kevin Nerway · Last verified 28 October 2026
Key Takeaways
- Infosys dropped 4.56% to ₹1,109.95 during early morning trading on October 28, 2026, following a Q2 earnings miss.
- Executive leadership reduced full-year FY27 revenue guidance, signaling ongoing headwinds in corporate IT spending.
- Heavy volume accompanied the move, with over 2.79 million shares traded as price established an intraday low of ₹1,106.90.
- Year-to-date, Infosys equity has lost roughly 28% of its value amid structural shifts and AI technology adoption.
I am Kevin Nerway, founder of PropFirmScan, and our desk tracked sharp institutional re-pricing in Indian technology equities during early session trading on October 28, 2026. Infosys (NSE: INFY) plummeted 4.56% to trade at ₹1,109.95 by 9:37 AM IST, sinking from its previous session close of ₹1,163.00. The stock opened lower at ₹1,130.00, briefly touched a session high of ₹1,133.80, and then dropped to a low of ₹1,106.90. Volume spiked dramatically to 2,792,199 shares in early minutes, confirming immediate structural liquidation.
Infosys Guidance Cut Triggers Intraday Tech Selloff
The immediate catalyst for this market drop was the company's second-quarter (Q2 FY27) financial performance report and subsequent revision of full-year growth expectations. Infosys delivered Q2 revenue growth of 6% year-on-year, missing broader equity market expectations. More critical for long-term valuation models was management's official decision to cut FY27 revenue growth guidance.
When a market bellwether lowers forward expectations, institutional rebalancing follows instantly. Truncated growth projections forced multiple sell-side firms to downgrade their price targets, accelerating institutional sell-offs. Traders tracking institutional market positioning data noted an immediate spike in order flow pressure across the enterprise technology segment.
Structural Headwinds and Sector Performance
Today's sharp downside move extends a prolonged period of weakness for Infosys. The stock has dropped approximately 28% year-to-date, reflecting deep underlying concerns regarding traditional IT services delivery models and disruption from artificial intelligence automation.
Session Price Action Summary (Oct 28, 2026): Previous Close: ₹1,163.00 Opening Price: ₹1,130.00 (-2.84%) Intraday High: ₹1,133.80 Intraday Low: ₹1,106.90 Last Traded: ₹1,109.95 (-4.56%) Total Volume: 2,792,199 shares
For equity and index traders holding funded accounts, elevated volatility around corporate earnings releases presents distinct risks. Holding positions through guidance cuts can quickly breach max daily drawdown rules if downside slippage exceeds standard risk models. Evaluating drawdown limit comparison across firms can help funded traders select evaluation accounts designed for stock earnings volatility.
Evaluating Broker and Account Rules During Single-Stock Shocks
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Strategic Risk Adjustments for Equity Traders
In environments characterized by guidance cuts and structural technology shifts, defensive risk parameters are essential. Relying on strict tactical position sizing keeps individual trade exposure within safe operational thresholds.
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Market Impact Snapshot
| Asset | Direction | Confidence |
|---|---|---|
| Infosys (NSE: INFY) | Bearish | High |
| Nifty IT Index | Bearish | High |
| Indian Equity Benchmark | Neutral/Bearish | Medium |
| Tech Sector CFDs | Bearish | Medium |
Frequently Asked Questions
Why did Infosys shares drop over 4% today
Infosys fell 4.56% to ₹1,109.95 after reporting Q2 FY27 revenue growth of 6% YoY, which missed market estimates. The sharp drop was primarily driven by management lowering its full-year FY27 revenue growth guidance.
How much has Infosys stock fallen year to date
Infosys shares have dropped by approximately 28% year-to-date. This ongoing decline reflects broader industry concerns about traditional IT service demand and disruptions from rapid AI technology adoption.
What were the key intraday price levels for INFY on October 28
On October 28, 2026, INFY opened lower at ₹1,130.00 from its previous close of ₹1,163.00. It reached an intraday high of ₹1,133.80 before dropping to a low of ₹1,106.90 on heavy trading volume.
How should prop traders manage risk during single stock guidance cuts
Prop firm traders should implement strict position sizing and avoid holding positions into scheduled earnings reports. High slippage during guidance cuts can lead to unexpected losses that breach daily maximum drawdown rules.