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Markets1d 0h ago
Indian IT stocks crashed, erasing approximately Rs 1.35 lakh crore in market value in a single trading session.
India
Who
Indian IT stocks, Tata Consultancy Services (TCS), Infosys, Tech Mahindra, HCLTech, Mphasis, LTIMindtree, Persistent Systems, Accenture
What
Indian IT stocks crashed, erasing approximately Rs 1.35 lakh crore in market value in a single trading session.
When
Thu, 18 Jun 2026 10:30:00 GMT · 1d 0h ago
Where
India ·
Why
The crash was triggered by global technology giant Accenture's weaker-than-expected outlook and growing disruption fears from artificial intelligence.
The Frontline Impact
How this affects you
The Nifty IT index plunged 6% and its decline for calendar year 2026 deepened to 29%, indicating structural challenges for the industry due to AI advances and potential earnings downgrades.
Story chain
1 event in this threadNo related history yet - this is the origin event.