Indian IT stocks are set to be closely watched today after Accenture released its Q2 results. The global IT services giant has revised its full-year revenue forecast, raising the lower end but narrowing the guidance range due to uncertainties in discretionary spending. As a result, ADRs of IT stocks are expected to close in the red.
On Friday, the Nifty IT index dipped into negative territory in early trading.
Here are the latest updates:
– Wipro, Infosys, and TCS are among the top losers in the Nifty IT index today, with Infosys down by 1.03%, TCS by 0.33%, Wipro by 0.32%, and HCL Tech by 0.02%.
– Following Accenture’s results, Indian IT stocks will come under scrutiny as the company adjusts its revenue forecast. The uncertain environment for discretionary spending has led to a bearish outlook for ADRs of IT stocks.
Stay tuned for more updates on the Indian IT sector.
Published on March 21, 2025
