New Delhi, July 1 -- Shares of Infosys, the country's second-largest IT services company, have remained under sustained selling pressure, with the decline deepening further in Wednesday's trade, July 1. The stock fell another 1.1% to Rs.986.90 apiece.

This marks the first time Infosys has slipped below the Rs.1,000 mark since September 2020, highlighting the sharp deterioration in investor sentiment toward technology stocks.

Domestic IT shares have been under intense selling pressure since the beginning of the year, with the sector witnessing its worst downturn since 2022-and one of its weakest performances since the 2008 global financial crisis.

Several factors have weighed on the sector, including fears of AI-led disruption, muted ea...