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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.
Stocks to Watch for June 19: RIL, Infosys, Wipro, HDFC Bank and more
From Reserve Bank of India extending the tenure of Keki Mistry as interim part-time chairman of HDFC Bank to Wipro acquiring an additional 20% stake in Aggne Global IT Services Private Ltd, taking its total holding in the entity to 80%; here are some stocks to track ahead of Friday's trading session.
Accenture Shares Slump 19% In Biggest One-Day Drop; Infosys, Wipro ADRs Slide Up To 8%
ADRs of Infosys fell more than 8% and Wipro declined over 4%.
Nifty Outlook for June 19: Reliance, IT stocks hold key for Friday's trade
Heading into Friday's session, IT stocks will remain in focus after Accenture shares plunged 19% in their biggest one-day decline on record. The selloff came after Accenture trimmed the upper end of its annual revenue growth forecast on June 18. Following the development, Infosys ADRs fell nearly 8%, while Wipro ADRs declined about 4%.
Infosys ADR falls nearly 5% after Accenture guidance cut
Infosys ADRs fell more than 4% in premarket trading after Accenture lowered its annual revenue growth guidance, triggering a broad selloff across global IT services stocks and outsourcing companies.
Why is Infosys ADR stock sliding today? By Investing.com - Investing.com India
Why is Infosys ADR stock sliding today? By Investing.comInvesting.com India
Why is Infosys ADR stock sliding today? - Investing.com
Why is Infosys ADR stock sliding today?Investing.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 Reserve, which has increased expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, a key market for these companies, are driving the sell-off.
DMart's Damani, An Infosys Founder, MIT — The Famous Names In NSE's IPO Shareholder List
NSE counts a retail billionaire, an Infosys co-founder, and the founder of MCX among its shareholders. None of them are selling.
IT shares trade weak; Infy, TCS, HCL Tech, Wipro slip up to 2%; here's why
Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.
TCS Share Price Drops In Early Trade, Infosys Down 3% As Nifty IT Falls Most Among Sectoral Indices
Shares of India's largest IT services giant TC dropped 1.23%, while Infosys shares last traded 2.19% lower
