Market News
Stay updated with the latest market trends, earnings, and economic indicators.
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.
Nifty June futures trade at premium
Infosys, TCS and HDFC Bank were top traded contracts
Sensex, Nifty end in the red: 5 key reasons behind today's market fall
The Nifty IT index emerged as the worst-performing sectoral gauge, dropping 4% after Accenture cut its revenue growth guidance. IT heavyweights Infosys, TCS, HCLTech, and Tech Mahindra were among the top losers on the Nifty.
Infosys Ltd leads losers in 'A' group
Thomas Cook (India) Ltd, Tata Consultancy Services Ltd, Bata India Ltd and LTM Ltd are among the other losers in the BSE's 'A' group today, 19 June 2026.
Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
Stock Market Open, June 19, 2026: Sensex, Nifty Snap Five-Day Winning Streak as Infosys, TCS Lead IT Rout; Iran Deal and Weak Asia Weigh - HDFC Sky
Stock Market Open, June 19, 2026: Sensex, Nifty Snap Five-Day Winning Streak as Infosys, TCS Lead IT Rout; Iran Deal and Weak Asia WeighHDFC Sky
Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit lowest level in almost 6 years
Infosys share price: Infosys shares plummeted 9% to a near 6-year low, losing nearly Rs 40,000 crore in market cap. This follows Accenture's lowered revenue forecast, sparking concerns over reduced discretionary IT spending. The US Federal Reserve's hawkish stance further fueled worries about a potential slowdown in enterprise technology investments.
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 geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.
Sensex Today Tanks 698 Points | Nifty Below 24,000 | TCS & Infosys Top Losers - Equitymaster
Sensex Today Tanks 698 Points | Nifty Below 24,000 | TCS & Infosys Top LosersEquitymaster
Infosys Ltd Slips 7.21%, BSE Information Technology index Shed 5.35%
Infosys Ltd has lost 12.6% over last one month compared to 6.97% fall in BSE Information Technology index and 1.82% rise in the SENSEX
Nifty IT index cracks 6%; TCS, Infy, TechM, LTM, HCL Tech plunge up to 8%
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Why is market falling today? Sensex slumps 800 points, Nifty below 23,950. IT selloff among 5 key triggers
Indian stock markets experienced a sharp downturn on Friday. The Sensex and Nifty saw significant declines, ending a five-day rally. Heavy selling pressure in IT stocks and weak global sentiment impacted investor confidence. Major IT companies like Infosys and TCS were among the biggest losers. The broader market also faced selling pressure, indicating a cautious trading environment.