New Delhi, April 23 -- Infosys share price was trading over 1 per cent lower in Thursday's trading session ahead of its March quarter results announcement. The IT stock opened at Rs.1,249 apiece today, as compared to the previous close of Rs.1,268.60 on Wednesday. Soon thereafter, the stock touched an intraday low of Rs.1,249.

The IT stock has remained under pressure in the near term amid weak market sentiments, poor discretionary demand and fear of AI-led disruption. Infosys shares have shed 4.58% in a week and over 23% year-to-date (YTD). The stock has given over 3% returns in three years; however, it has fallen 5.62% in five years.

Brokerage firm Kotak Institutional Equities (KIE) expects Infosys to report a 1% sequential (QoQ) decli...