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Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit a new 52-week low
Infosys share price: Infosys shares plummeted 9% to a 52-week low, losing nearly Rs 40,000 crore in market cap. This follows Accenture's lowered revenue forecast, sparking concerns over reduced discretionary IT spending. The US Federal Reserve's hawkish stance further fueled worries about a potential slowdown in enterprise technology investments.
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economictimes.indiatimes.com
Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?
Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal…
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Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast
Infosys and Wipro ADRs plunged following Accentures reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting…
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TCS, Infosys, Wipro, other IT stocks in focus as Accenture lowers FY26 guidance; ADRs crash up to 10%
Accentures trimmed FY26 revenue guidance and softer outlook on discretionary IT spending triggered a global sell-off, dragging Indian IT ADRs, with Infosys falling 10% and Wipro…
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m.economictimes.com
TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance
Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology…
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channelnewsasia.com
Indian IT stocks tumble as bellwether Accenture flags weak outlook
BENGALURU, June 19 : India's Nifty IT index slumped 5.6 per cent on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the…
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India's Nifty IT index at three-year low as bellwether Accenture flags weak outlook
BENGALURU, June 19 : India's Nifty IT index fell to a three-year low on Friday after bellwether Accenture forecast quarterly sales below Wall Street view, cut its annual revenue…
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thehindubusinessline.com
Sensex, Nifty fall 1% as Accenture-triggered IT rout snaps 5-day rally
Benchmark indices snapped their five-session winning streak on Friday, with the BSE Sensex plunging over 830 points and the Nifty 50 shedding nearly 230 points, dragged lower by a…
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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…
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Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit a new 52-week low
Infosys share price: Infosys shares plummeted 9% to a 52-week low, losing nearly Rs 40,000 crore in market cap. This follows Accenture's lowered revenue forecast, sparking…
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cnbc.com
Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth
Shares of major Indian IT companies fall up to 7% after global sector leader Accenture cuts its revenue guidance.
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Why IT stocks crashed today: Nifty IT, Infosys, TCS, Wipro hit fresh lows, rattled by Accenture outlook
The Nifty IT index plunged more than 6 per cent to a fresh 52-week low of 26,634.50, making it the worst-performing sectoral index
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timesofindia.indiatimes.com
Infosys, TCS & other Indian IT stocks crash! How Accenture’s warning has led to big sell-off - what brokerages are saying
Indian IT stocks crashed on Friday as growing disruption fears from artificial intelligence weighed on major stocks such as Tata Consultancy Services (TCS), Infosys, Tech…
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Markets trade near session low amid sharp IT correction led by Infosys, TCS
At 12.25 pm, Sensex traded 735.83 points or 0.95 per cent lower at 76,674.15, and Nifty 50 fell 204.15 points or 0.84 per cent to 23,963.85.
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morningstar.com
Indian IT Stocks Stumble, Following U.S. Peers as AI Angst Resurfaces
By Kimberley Kao and Fabiana Negrin Ochoa
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thehindu.com
Nifty IT stocks dip as Accenture shaves revenue guidance
Nifty IT index falls 5.6% as Accenture revises revenue guidance amid macro uncertainties and West Asian conflict impacts.
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gulfnews.com
Indian stock market meltdown: How Accenture’s warning triggered the selloff
Indian stock markets tumble as Accenture’s weak guidance sparks IT-led selloff, wiping out recent gains and stoking fears over global tech demand.
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newsbytesapp.com
Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth
Infosys shares plunged 9% to a 52-week low, erasing Rs 40,000 crore in market cap after Accenture's revenue forecast downgrade and fears of reduced IT spending.