AI deal loss, CEO change buzz put Infy, Wipro under pressure

Shares of Infosys fell over 1% on Tuesday after an announcement over the weekend about a global firm terminating an AI-related agreement with the company, which had a revenue potential of $1.5 billion. The stock ended 1.12% down on the BSE at `1,544.50.Shares of another IT major Wipro also came under pressure during the day on speculation that former L&T Infotech CEO Sanjay Jalona will be joining the company in a senior role. However, with both Wipro and Jalona denying any such development, the stock finally closed 1.59% up on the BSE at Rs 470.05.