Indian IT Stocks Slump up to 7% as Accenture Cuts Revenue Outlook, Fueling Fresh Concerns over Sector Growth
Accenture lowered its revenue-growth outlook and warned of weaker demand, sending Indian IT shares down as much as 8% and the Nifty IT index lower.
8 Articles
8 Articles
Indian Software Stocks Tumble After Accenture Warns on Growth
Shares of Indian software firms tumbled on Friday, joining a global selloff in tech stocks after Accenture Plc forecast slower revenue growth, deepening concerns over a sector that has shed nearly 30% of its market value this year.
Infosys Share Price: Stock crashes 8%, TCS, Wipro, HCL Tech too in red - Here's why
Shares of Infosys crashed over 8 per cent on Friday, June 19, 2026, as IT stocks are under pressure following a sharp overnight sell-off in Accenture. The counter opened with a gap-down, falling 5.7 per cent to Rs 1,063.05 from the previous close of Rs 1,127.25 on the BSE. It continued to decline amid profit booking and touched an intraday low of Rs 1,030.35, down Rs 96.9, or 8.6 per cent. This is also the stock's fresh 52-week low. The 52-week …
Shockwaves in the IT sector! Why an Accenture report has left investors in TCS, Infosys, and Wipro rattled—find out what lies ahead. Earthquake in IT sector! Why investors of TCS, Infosys and Wipro trembled with a report by Accenture, know what is going to happen next – ..
The recent results and weak future projections of global IT and consulting sector giant Accenture have given sleepless nights to investors in the Indian information technology (IT) sector. At the global level, whenever a big company like Accenture expresses concern about its earnings or future revenue, it has a direct and deep impact on the big Indian companies listed in the domestic stock market. The selling seen in the shares of companies like…
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