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IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
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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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Accenture's weak bookings raise AI fears, but Indian IT may weather the storm: Sandip Agarwal
Accenture's recent earnings reveal a sharp decline in new bookings and a reduced guidance, sparking concerns about AI's impact on the IT services industry. While AI isn't…
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Accenture signals caution, but analysts see long-term IT opportunity
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.…
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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.
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IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty…
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Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?
IT stocks rebounded after a sharp sell-off triggered by Accentures guidance cut, with gains led by Coforge and Tech Mahindra. Analysts see valuations turning attractive but…