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 Mahindra, HCLTech. The trigger came from global technology giant Accenture's weaker-than-expected outlook, which rattled investor sentiment and erased nearly Rs 1.35 lakh crore in market value in a single trading session from major IT stocks.

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…

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…

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…

Accenture's earnings signal tough times for IT services. Indian IT firms face weak demand and cautious client spending. While valuations are low, a gradual recovery is expected.…

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.