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Infosys, Tech Mahindra, TCS Under Pressure: IT Stocks Crash To Three-Year Low After Accenture Sell-Off
Major Indian IT stocks are crashing.Infosys Ltd. is trading at a low of Rs 1,033.9, down 8.3%. Mphasis Ltd. touched Rs 2,150, declining 7.99%, while Tech Mahindra Ltd. fell to Rs 1,344, down 7.16%.
Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5% - Mint
Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5%Mint
Infosys, Wipro ADRs crash up to 10% overnight; IT stocks set for weak start after Accenture’s guidance... - Moneycontrol.com
Infosys, Wipro ADRs crash up to 10% overnight; IT stocks set for weak start after Accenture’s guidance...Moneycontrol.com
Accenture Q3 Crash Shows GenAI Eating IT Revenue, Infosys May Feel Pain More Than Peers
Brokerages said the commentary from Accenture's management suggests that the demand environment remains challenging, with clients continuing to delay discretionary spending decisions.
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 spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.
Explained - How Accenture results will impact Indian IT stocks Infosys, TCS and others
The US-listed American Depository Receipts (ADRs) of Infosys were down 10% on Wall Street last night, while those of Wipro fell as much as 8% before recovering some of those losses to end 4% lower.
Stocks to Watch today: RIL, Infosys, Wipro, HCL Tech, HDFC Bank, Acme Solar
Stocks to Watch today, June 19, 2026: Bharat Forge, Tata Motors, Jubilant Pharmova, Amber Enterprises and Mahindra Lifespace Developers are among the top stocks to remain in focus today
Infosys ADR, Wipro ADR slip up to 10% after Accenture cuts growth guidance
Infosys ADR price ended 9.71% lower at $10.56 apiece on Thursday after falling more than 10% during the session. Wipro ADR closed 3.63% lower at $2.39 apiece. During the session, Wipro ADR price dropped over 9% to an intraday low of $2.25 apiece on NYSE.
Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable
Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news from other major firms.
Infosys shares in focus as US-listed stock falls 10% on Accenture earnings miss
Consultancy firm Accenture reported results for the quarter that ended on May 31, which were a miss on expectations. The company's guidance also was narrowed at the upper end of the previously issued range. The news sent the stock tumbling by 18% on Wall Street, its biggest single-day drop on record.
S&P 500, Nasdaq recover mid-week losses as chip stocks lead rebound on Iran deal
The only sore spot in the market on Thursday were consultancy names, which sank after Accenture's results miss and guidance cut. The Accenture stock itself was down 18%, the most on record, while those of its peers such as Cognizant and Capgemini also fell between 8% to 11%. The US-listed shares of Infosys (ADRs) were also down 10% overnight.
What’s likely to move markets in the next trading session on June 19?
IT stocks will also be in focus after the American Depositary Receipts (ADRs) of Infosys and Wipro fell about 4.5% in pre-market trading following Accenture's third-quarter results, where the company marginally missed revenue estimates.