Infosys Ltd’s Mixed Week: -1.80% Price, 1.62% Sensex Gain Tell the Story

27 January 2026: Institutional Interest and Options Activity Drive Mixed Sentiment

On 27 January, Infosys Ltd saw one of the highest value turnovers on the equity market, with a traded volume of 19,40,845 shares and a traded value of ₹32,468.98 lakhs. The stock closed at Rs.1,683.40, up 0.77% for the day, outperforming the Sensex’s 0.50% gain. This surge was supported by a recent upgrade in the MarketsMOJO Mojo Grade from Hold to Buy, reflecting improved fundamentals and market positioning.

Alongside strong equity trading, the options market revealed a nuanced picture. Call options at strike prices of 1680 and 1700 saw significant activity, with open interest exceeding 12,000 contracts at both levels, signalling bullish investor positioning. Conversely, heavy put option activity at the 1660 strike price, with 2,524 contracts traded, indicated cautious hedging or bearish bets ahead of expiry. This duality suggests that while confidence remains, some investors are preparing for potential near-term volatility.

Technically, the stock traded above its 20-day, 50-day, 100-day, and 200-day moving averages, signalling medium- to long-term strength, but remained below its 5-day moving average, hinting at short-term consolidation. Delivery volumes declined by 17.8% compared to the five-day average, suggesting some moderation in firm buying interest despite robust liquidity.

28 January 2026: High-Value Trading Amid Intraday Price Dip

Despite a 1.87% decline to Rs.1,666.40 on 28 January, Infosys maintained one of the highest traded values on the market, with 40,04,599 shares exchanging hands worth approximately ₹66,686.99 lakhs. The stock opened at Rs.1,680.00 and reached an intraday high of Rs.1,688.80 before retreating to close near Rs.1,652.50 by midday.

This intraday dip contrasted with the broader Computers - Software & Consulting sector’s 0.68% gain and the Sensex’s 0.37% rise, indicating stock-specific profit-booking or short-term weakness. However, delivery volumes surged by 115.29% compared to the five-day average, reaching 76.72 lakh shares, signalling strong investor commitment to holding shares despite price volatility.

Technically, the stock remained above key moving averages except the 5-day average, consistent with a temporary pullback within an overall bullish trend. The company’s market capitalisation rose to ₹6,79,564 crores, and the Mojo Score improved to 77.0, reinforcing the positive medium-term outlook despite short-term price pressure.

29 January 2026: Mixed Technical Signals Temper Momentum

On 29 January, Infosys closed at Rs.1,657.70, down 1.01% from the previous day, reflecting a mild technical momentum shift. While daily moving averages remained bullish, monthly indicators such as MACD and Know Sure Thing (KST) suggested caution, signalling a complex interplay between short-term strength and longer-term uncertainty.

The stock traded within a range of Rs.1,650.00 to Rs.1,688.65, comfortably above its 52-week low of Rs.1,307.10 but below its 52-week high of Rs.1,922.65. Relative Strength Index (RSI) readings were neutral, and Bollinger Bands indicated mild bullishness on weekly charts but sideways consolidation monthly. On-Balance Volume (OBV) showed mild buying support, suggesting some accumulation despite recent declines.

Comparatively, Infosys outperformed the Sensex over shorter timeframes, posting a 0.71% gain over the past week versus the index’s 0.53%, but lagged over the one-year horizon with an 8.90% loss against the Sensex’s 8.49% gain. The recent Mojo Grade upgrade to Buy reflects improved fundamentals and investor confidence, though the mixed technical signals counsel prudence.

Daily Price Performance: Infosys Ltd vs Sensex (27-30 Jan 2026)

Key Takeaways

Positive Signals: Infosys demonstrated strong institutional interest with high-value trading and robust liquidity throughout the week. The recent Mojo Grade upgrade to Buy and a healthy Mojo Score of 70.0 reflect improved fundamentals and market confidence. Delivery volumes surged notably on 28 January, indicating investor commitment to holding shares amid volatility. Technical positioning above major moving averages supports medium- to long-term bullishness.

Cautionary Signals: The stock underperformed the Sensex by 3.42 percentage points over the week, declining 1.80% while the benchmark rose 1.62%. Heavy put option activity on expiry day suggests hedging and cautious sentiment among some investors. Mixed technical indicators, including bearish monthly MACD and KST readings, point to potential near-term volatility and consolidation. The stock’s inability to sustain above the 5-day moving average signals short-term weakness.

Conclusion

Infosys Ltd’s performance in the week ending 30 January 2026 was characterised by a complex interplay of strong institutional participation and cautious investor positioning. While the stock attracted significant value trading and options market activity reflecting both bullish and bearish sentiments, it ultimately closed the week lower amid profit-taking and technical consolidation. The upgraded Mojo Grade and solid medium-term technical indicators provide a foundation of strength, but the mixed signals and underperformance relative to the Sensex counsel a measured approach. Investors should monitor price action around key moving averages and option strike levels to gauge the stock’s next directional move within the broader sector and market context.

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