Explained: Why Accenture's Warning Sparked a Rs 1.35 Lakh Crore Meltdown for TCS, Infosys, Other IT Stocks

Explained: Why Accenture's warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocks

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.

Accenture warning sends Infosys, TCS and HCLTech tumbling. Here's why

Major Indian IT stocks fell sharply after Accenture lowered the upper end of its annual revenue growth forecast. The sell-off has renewed concerns over weak discretionary spending, slower deal conversion and the pace of demand recovery.

Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5%

All Nifty IT constituents were also in the red. Infosys was the top dragger, down 7.5%, followed by Mphasis, Tech Mahindra, Persistent Systems and TCS, all declining over 6% each. Meanwhile, HCL Tech, Coforge, LTM also shed over 5% each

Nifty IT slumps 6%, Infosys, TCS stocks crash up to 8% as Accenture guidance cut sparks sell-off

Nifty IT slumped as much as 6 percent on Friday morning after Accenture cut revenue growth guidance, with the stocks of Infosys, Tech Mahindra and TCS falling up to 8 percent and emerging as the top losers on benchmark Nifty 50 index.

Accenture Stock Crashes 18% as AI Boom Fails to Lift Spending; Indian IT Stocks Sink

Accenture shares plunged nearly 18% on Thursday after the global consulting giant cut its revenue outlook and warned that clients remain cautious on technology spending despite growing enthusiasm around artificial intelligence. The selloff pushed Accenture stock to its lowest level in almost a decade and triggered a broader decline across technology stocks globally, with Indian IT companies among the hardest hit. The company’s disappointing guid…

Explained: Why Accenture’s outlook triggered bloodbath in Indian IT stocks

New Delhi: Indian IT stocks came under heavy selling pressure on Friday after Accenture’s earnings outlook raised fresh concerns over demand recovery in the global technology services sector. The sell-off dragged the broader market lower, with the Sensex falling more than 750 points and the Nifty slipping near the 23,950 mark in early trade. The Nifty IT index cracked about 6 per cent, with major stocks such as Infosys, TCS, Tech Mahindra, HCLTe…