Goldman Sachs lowered its growth expectations for the IT sector, impacting major players like Infosys.
11 reports, 1 independent
Updated Sep 9
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What happened
Goldman Sachs lowered its growth expectations for the IT sector, impacting major players like Infosys.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Meesho and Infosys saw market valuation dips due to growth concerns and guidance cuts, despite a bullish outlook on India's economy.Sub-event
Goldman Sachs downgraded growth forecasts for the IT sector.1 source
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The entities involved
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Infosys
Indian multinational technology company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
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Goldman Sachs
American investment bank
Related events
- Infosys Technologies is headquartered in India.
- Leading gains in the information technology sector were noted on August 1st, reflecting the ongoing competitive landscape between TCS and Infosys.
- Both the IT and real estate sectors are currently facing significant market headwinds.
- Infosys exemplifies India's global service sector strength, rooted in hubs like Bengaluru, with bilateral trade exceeding $4.31 billion.
- Infosys is expanding its technology operations into Central India, strengthening ties with academic institutions like Devi Ahilya Vishwavidyalaya in Madhya Pradesh, with a focus on Indore.