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Markets1h 38m ago

Accenture's stock plunged 18% after cutting revenue guidance for the fiscal year, causing major Indian IT software stocks to slide.

India

Who
Accenture, Infosys, Wipro, Tata Consultancy Services, HDFC Securities, Citi analysts, Nomura research analysts, Motilal Oswal analysts
What
Accenture's stock plunged 18% after cutting revenue guidance for the fiscal year, causing major Indian IT software stocks to slide.
When
Fri, 19 Jun 2026 07:53:19 GMT · 1h 38m ago
Where
India ·
Why
The stock decline reflects concerns that artificial intelligence will render some IT services obsolete, Accenture's weak outlook, and the enduring impact of the Middle East conflict.
The Frontline Impact

How this affects you

Accenture's revenue guidance cut and subsequent stock decline indicate potential weakness for the broader IT sector, particularly for Indian IT companies with exposure to North American and Middle Eastern markets, leading to a 1.0% loss in India's benchmark Sensex index.

Story chain

35 events in this thread
  1. Currently Reading1h 38m ago
    Accenture's stock plunged 18% after cutting revenue guidance for the fiscal year, causing major Indian IT software stocks to slide.
  2. Markets2h 37m ago
    Indian equity benchmarks Sensex and Nifty 50 traded lower, with the Nifty IT index falling over 5 percent, and Infosys, TCS, and Wipro hitting 52-week lows.
    Open article
  3. Markets2h 37m ago
    Indian equity benchmarks, including the Sensex and Nifty 50, traded lower, with the Nifty IT index falling over 5 percent, following a sell-off in information technology stocks.
    Open article
  4. Markets2h 38m ago
    Indian IT stocks, including Infosys, Tech Mahindra, Tata Consultancy Services, HCL Tech, and Wipro, tumbled after global tech giant Accenture trimmed its full-year revenue growth guidance.
    Open article
  5. Markets3h 2m ago
    Indian markets fell sharply, with the Sensex dropping 864 points and the Nifty IT index plunging 6%, while NIACL, IFCI, and Paras Defence shares rallied.
    Open article
  6. Markets3h 13m ago
    Indian equity benchmarks Nifty50 and BSE Sensex snapped a five-day winning streak, declining significantly, led by a crash in IT sector stocks.
    Open article
  7. Markets3h 13m ago
    Indian equity benchmarks Nifty50 and BSE Sensex dropped over 800 points and below 24,000 respectively, snapping a five-day winning streak, led by a crash in IT sector stocks.
    Open article
  8. Markets3h 13m ago
    Indian equity benchmarks Nifty50 and BSE Sensex declined, with the BSE Sensex dropping over 800 points and Nifty50 falling below 24,000, primarily led by a crash in IT sector stocks.
    Open article
  9. Markets3h 13m ago
    Accenture lowered its revenue growth guidance, citing continued weakness in client spending and a $100 million revenue impact from the West Asia conflict, triggering a sharp fall in Indian IT stocks.
    Open article
  10. Markets3h 13m ago
    Accenture lowered its revenue growth guidance, triggering a sharp fall in Indian IT stocks, with the Nifty IT index down as much as 5.5 percent.
    Open article
  11. Markets3h 34m ago
    Indian IT stocks plunged after global IT consulting giant Accenture gave a cautious demand outlook, renewing concerns over technology spending by businesses.
    Open article
  12. Markets3h 34m ago
    Indian IT stocks plunged, becoming the biggest laggard on Dalal Street, with the Nifty IT index down over 5%.
    Open article
  13. Markets3h 34m ago
    Indian IT stocks plunged, with the Nifty IT index down over 5%, after global IT consulting giant Accenture issued a cautious demand outlook.
    Open article
  14. Markets4h 2m ago
    Indian IT stocks experienced significant declines on the BSE and NSE after Accenture trimmed its full-year revenue growth guidance.
    Open article
  15. Markets4h 9m ago
    Accenture lowered its fiscal 2026 revenue growth forecast to 3-4 percent from 3-5 percent, triggering a nearly 6 percent decline in the Nifty IT index and broader Indian technology stocks on June 19.
    Open article
  16. Markets4h 9m ago
    Global consulting and technology services firm Accenture lowered its full-year revenue growth forecast, causing the Nifty IT index to crash nearly 6 percent and other Indian technology stocks to decline.
    Open article
  17. Markets4h 9m ago
    Accenture lowered its fiscal 2026 revenue growth forecast to 3-4% from 3-5% and reported third-quarter revenue of $18.72 billion, triggering a nearly 6% decline in the Nifty IT index.
    Open article
  18. Markets4h 24m ago
    Stocks of major Indian information technology companies fell as much as 7% after Accenture lowered its revenue guidance.
    Open article
  19. Markets4h 37m ago
    The Nifty IT index plunged 6.43 percent, or 1,831 points, to an intraday low of 26,634.50.
    Open article
  20. Markets4h 37m ago
    The Nifty IT index plunged over 6% after global technology services firm Accenture cut its revenue growth guidance.
    Open article
  21. Markets4h 37m ago
    The Nifty IT index plunged more than 6 per cent after global technology services firm Accenture cut its revenue growth guidance and flagged a weaker demand environment.
    Open article
  22. Markets4h 47m ago
    Stock market benchmark indices Sensex and Nifty tumbled in early trade, with Sensex tanking 786.58 points and Nifty declining 210.95 points.
    Open article
  23. Markets5h 7m ago
    Accenture lowered its fiscal year revenue growth guidance for the second time this year, causing the Nifty IT index to drop 5.85% and Infosys to plunge 8%.
    Open article
  24. Markets5h 8m ago
    Indian markets opened with a sharp decline on Friday.
    Open article
  25. Markets5h 21m ago
    Domestic benchmark indices Sensex and Nifty crashed in early deals on Friday as IT stocks cracked.
    Open article
  26. Markets5h 32m ago
    Sensex tumbled 786.58 points to 76,624.90 and Nifty declined 210.95 points to 23,959.80 in early trade.
    Open article
  27. Markets5h 32m ago
    Nifty IT index fell more than 6% after Accenture lowered its FY27 revenue growth outlook to 3-4% from 3-5%.
    Open article
  28. Markets5h 32m ago
    Stock market benchmark indices Sensex and Nifty tumbled in early trade.
    Open article
  29. Markets5h 32m ago
    Accenture lowered its revenue growth guidance, triggering a sharp fall in Indian IT stocks and a more cautious outlook for the information technology sector.
    Open article
  30. Markets5h 42m ago
    Indian IT stocks, including Infosys, Mphasis, Tech Mahindra, Persistent Systems, TCS, HCL Tech, Coforge, and LTM, declined significantly.
    Open article
  31. Markets5h 42m ago
    Indian IT stocks, including Infosys, Mphasis, Tech Mahindra, Persistent Systems, TCS, HCL Tech, Coforge, and LTM, crashed, leading to a 6.5% decline in the Nifty IT index.
    Open article
  32. Markets6h 23m ago
    Accenture revised its FY26 revenue growth guidance to 3%-4% from 3%-5% and projected fourth-quarter revenue below Wall Street expectations.
    Open article
  33. Markets6h 23m ago
    Accenture lowered its FY26 revenue growth guidance to 3%-4% and projected fourth-quarter revenue below Wall Street expectations, causing its shares to plunge 11% and Indian IT ADRs to fall.
    Open article
  34. Markets13h 32m ago
    American Depository Receipts (ADRs) of Infosys Ltd and Wipro plunged up to 10 percent overnight, tracking Accenture's 18 percent fall, after Accenture revised its FY26 revenue guidance.
    Open article
  35. Markets23h 2m ago
    Indian IT stocks crashed, erasing approximately Rs 1.35 lakh crore in market value in a single trading session.
    Open article

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