$INFY Why is everyone talking about Infosys this Monday?

$INFY Friday was a rough day for IT stocks. Infosys crashed nearly 7-8%, touching a fresh 52-week low of Rs 1,030, after global bellwether Accenture slashed its annual revenue growth forecast and cited a $400 million hit from the Iran conflict's impact on its Middle East business. The shock wiped out nearly Rs 40,000 crore in market cap within minutes. The ripple effect hit the entire sector — Nifty IT plunged nearly 6%, dragging TCS, Wipro, HCLTech and Tech Mahindra lower too, and pulling the broader Nifty down 155 points to close at 24,013 on Friday. For long-term watchers, the stock now trades far below its 52-week high of Rs 1,727.85, raising the classic question: oversold opportunity, or further pain ahead? Worth watching how IT majors react at the start of the week.