Nifty IT index falls 5.6% as Accenture revises revenue guidance amid macro uncertainties and West Asian conflict impacts.

The index gained nearly 4.3% from 27,795.75 recorded on June 12, reflecting improving market sentiment triggered by US-Iran peace deal, softer crude and global market movement.

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…

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.