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IT Stock Highlights: Nifty IT Ends Nearly 4% Lower After Sharp Recovery From 6% Slide; Infosys, TCS Pare Losses

Nifty IT recovered from an intraday slide of more than 6% to close 3.65% lower as Infosys, TCS and other tech stocks pared losses after an early selloff.

IT Stock Highlights: Nifty IT Ends Nearly 4% Lower After Sharp Recovery From 6% Slide; Infosys, TCS Pare Losses
27 days ago

Nifty IT erased a large part of its early losses to end the session down 3.65%, recovering sharply from an intraday slide of more than 6% triggered by Accenture's lower FY27 revenue guidance. Infosys, which had tumbled 6.75% at one point, led the rebound as investors trimmed some of their bearish bets through the day, although the sector still finished in the red.

The turnaround came after a weak start in which IT stocks bore the brunt of selling pressure following Accenture's decision to narrow its FY27 revenue growth outlook to 3% to 4% from its earlier forecast of 3% to 5%, citing the impact of the West Asia crisis on its consulting business.

The recovery, however, was uneven across the sector. Infosys pared losses after being the worst-hit stock in early trade, while TCS, Tech Mahindra, HCL Technologies and other frontline names also clawed back ground. Wipro ended with relatively limited losses after earlier declines.

Even as the Nifty IT index recovered from its day's low of 26,634.50, it failed to turn positive and settled lower after touching an intraday high of 27,527.75. The move reflected a shift from panic selling at the open to selective buying later in the session, though concerns over a potential slowdown in technology spending kept investors cautious.

Among the gainers within the broader IT pack, Oracle Financial Services, KPIT Technologies, Hexaware Tech and Birlasoft bucked the trend and closed higher. On the losing side, Sonata Software remained under pressure, while Infosys, TCS, Latent View Analytics, Zensar Technologies, Tech Mahindra and HCL Technologies ended the day in negative territory despite recovering from their intraday lows.

IT Stocks Highlights: Nifty IT Recovers From 6% Slide But Ends 3.65% Lower

Nifty IT erased a large part of its early losses on Friday, recovering from an intraday decline of more than 6% to close down 3.65%.

  • The sector had come under pressure after Accenture narrowed its FY27 revenue growth outlook to 3%-4% from 3%-5%, citing the impact of the West Asia crisis on its consulting business.

  • Infosys, which had plunged as much as 6.75% during the session, led the rebound as investors pared some bearish positions through the day.

  • TCS, Tech Mahindra and HCL Technologies also recovered from their lows, while Wipro finished with comparatively smaller losses after clawing back ground in late trade.

  • Despite the sharp recovery, the IT index ended the session in negative territory, reflecting continued caution around the sector's near-term growth outlook.

IT Stocks Live: Infosys Futures Stabilise Amid Position Unwinding

Infosys showed signs of recovery in the futures market.

  • Infosys futures rose 0.15%.
  • Open interest eased 0.56%.
  • The decline in open interest alongside gains indicated short covering activity.

IT Stocks Live: Tech Mahindra Futures Show Signs Of Short Covering

Tech Mahindra attracted selective buying interest.

  • Tech Mahindra futures advanced 0.43%.
  • Open interest declined 3.19%.
  • The derivatives pattern suggested traders were closing short positions.

IT Stocks Live: Persistent Systems Futures Edge Higher

Persistent Systems traded in positive territory as traders reduced positions.

  • Persistent Systems futures rose 0.35%.
  • Open interest fell 1.56%.
  • The price and open interest combination pointed to short covering.

IT Stocks Live: Tata Elxsi Futures Rebound

Tata Elxsi recovered in the derivatives segment.

  • Tata Elxsi futures gained 1.09%.
  • Open interest declined 1.86%.
  • The stock witnessed short covering after earlier weakness.

IT Stocks Live: KPIT Technologies Futures Signal Position Unwinding

KPIT Technologies saw mild gains in futures trade.

  • KPIT Technologies futures rose 0.69%.
  • Open interest slipped 5.17%.
  • The trend reflected short covering in the stock.

IT Stocks Live: LTM Futures Witness Short Covering

LTM bucked the broader weakness seen earlier in the session.

  • LTM futures rose 0.18%.
  • Open interest declined 2.40%.
  • The derivatives data indicated traders were unwinding short positions.

IT Stocks Live: Coforge Futures Rise As Traders Pare Positions

Coforge traded higher amid a decline in outstanding contracts.

  • Coforge futures advanced 0.40%.
  • Open interest fell 4.57%.
  • The move suggested short covering by market participants.

IT Stocks Live: Birlasoft Signals Short Covering Activity

Birlasoft attracted buying interest in the derivatives segment.

  • Birlasoft futures gained 1.32%.
  • Open interest declined 3.93%.
  • The derivatives setup indicated short covering in the counter.

IT Stocks Live: Mphasis Futures See Short Covering

Mphasis witnessed signs of short covering as the stock edged higher.

  • Mphasis futures rose 0.23%.
  • Open interest fell 5.91%.
  • The combination of rising prices and lower open interest pointed to traders covering short positions.

IT Stocks Live: Oracle Financial Services Extends Gains In Futures Trade

Oracle Financial Services continued to outperform the broader IT pack in derivatives trade.

  • Oracle Financial Services futures rose 0.82%.
  • Open interest declined marginally by 0.04%.
  • The stock remained one of the few technology names trading in positive territory.

IT Stocks Live: Oracle Financial Services Defies IT Weakness

Oracle Financial Services bucked the broader trend in the sector.

  • Oracle Financial Services futures rose 1.03%.
  • Open interest increased 74.83%.
  • The stock stood out as one of the few technology names trading higher.

IT Stocks Live: Mphasis Futures Drop As Open Interest Surges

Mphasis continued to witness selling pressure in derivatives trade.

  • Mphasis futures declined 2.71%.
  • Open interest climbed 45.77%.
  • The increase in open interest alongside lower prices suggested fresh short positions.

IT Stocks Live: KPIT Technologies Falls Despite Modest Position Build-Up

KPIT Technologies remained under pressure, although additions to positions were relatively limited.

  • KPIT Technologies futures fell 1.34%.
  • Open interest increased 4.80%.
  • The stock joined the broader weakness across the IT sector.

IT Stocks Live: Tata Elxsi Extends Losses In Futures Market

Tata Elxsi continued to trade lower in line with the broader IT pack.

  • Tata Elxsi futures declined 2.56%.
  • Open interest rose 69.12%.
  • The derivatives trend pointed to fresh selling activity.

IT Stocks Live: Coforge Futures Slip Amid Higher Open Interest

Coforge remained in the red during futures trade.

  • Coforge futures fell 2.75%.
  • Open interest increased 56.47%.
  • Traders added positions as the stock weakened.

IT Stocks Live: LTM Futures Witness Fresh Short Positions

LTM traded lower as traders increased exposure in the derivatives segment.

  • LTM futures declined 2.69%.
  • Open interest rose 10.44%.
  • The move indicated fresh short build-up in the counter.

IT Stocks Live: Wipro Futures Fall Nearly 3%

Wipro extended losses amid broad-based weakness in technology stocks.

  • Wipro futures declined 2.91%.
  • Open interest rose 34.58%.
  • The increase in outstanding positions suggested fresh short build-up.

IT Stocks Live: HCL Tech Declines As Traders Add Positions

HCL Technologies remained under pressure in futures trade.

  • HCL Tech futures fell 3.94%.
  • Open interest climbed 52.30%.
  • The derivatives data reflected fresh selling interest.

IT Stocks Live: Persistent Systems Sees Higher Futures Activity

Persistent Systems traded lower as derivatives activity picked up.

  • Persistent Systems futures fell 4.26%.
  • Open interest increased 138.93%.
  • Traders added fresh positions as the stock weakened.

IT Stocks Live: Tech Mahindra Slides As Open Interest Climbs

Tech Mahindra remained among the worst-hit IT counters.

  • Tech Mahindra futures dropped 4.74%.
  • Open interest rose 229.46%.
  • The rise in positions alongside price weakness pointed to fresh short build-up.

IT Stocks Live: TCS Futures Signal Fresh Selling Pressure

Tata Consultancy Services continued to witness weakness in futures trade.

  • TCS futures declined 5.62%.
  • Open interest increased 78.56%.
  • The derivatives trend suggested traders were building fresh short positions.

IT Stocks Live: Infosys Futures See Fresh Short Build-Up Continue

Infosys remained under pressure in the derivatives segment as traders added fresh positions amid the decline.

  • Infosys futures fell 7.15%.
  • Open interest rose 134.07%.
  • The combination of falling prices and higher open interest indicated fresh short build-up.

IT Stocks Live: Accenture Results Signal Softer Demand Outlook For Indian IT

Accenture's latest quarterly update points to a cautious demand environment for Indian IT companies, with signs that discretionary spending remains under pressure.

  • The company's guidance cut suggests clients continue to delay spending decisions, signalling a softer near-term demand outlook.

  • Consulting demand remained subdued, indicating that discretionary technology spending has yet to recover meaningfully.

  • The communications, media and technology segment grew 9% for the second consecutive quarter, a positive read-across for Tech Mahindra, which derives around one-third of its revenue from the vertical.

  • Asia-Pacific outperformed with 8% growth, compared with 4% growth in EMEA, highlighting stronger momentum in the region.

  • Accenture's $4.2 billion push into cybersecurity reinforces the segment's position as a key growth area for the broader IT services industry.

IT Stocks Live: Systematix Says Accenture's M&A Push Raises Competitive Pressure

Systematix said Accenture's acquisition strategy points to a broader competitive push.

  • The company raised its planned FY26 acquisition spend to around $9 billion from $5 billion earlier.
  • It is targeting areas such as OT cybersecurity, data centres, AI enablers and mid-market solutions.
  • The brokerage said the strategy could intensify competition for Tier-I Indian IT companies.

IT Stocks Live: Equirus Flags Higher M&A Spend At Accenture

Equirus said Accenture's acquisition plans indicate a broader strategy shift.

  • Accenture raised its M&A budget to $9 billion from $5 billion indicated previously.
  • The brokerage said the company appears open to acquiring higher-growth assets.
  • It added that execution and integration will remain key factors to watch.

IT Stocks Live: Systematix Says Consulting Demand Remains Under Pressure

Systematix highlighted weakness in discretionary spending.

  • Accenture's consulting revenue grew 1% year-on-year in local currency.
  • The company cited macro uncertainty and Middle East-related disruptions.
  • The brokerage said discretionary consulting demand remains subdued.

IT Stocks Live: PL Capital Flags Rising Competition For Mid-Cap IT Firms

PL Capital said Accenture's push into the mid-market segment could increase competitive pressures for Indian mid-cap IT companies.

  • Accenture plans to target enterprises with revenue between $300 million and $3 billion.
  • The company estimates the segment represents a $240 billion addressable market.
  • The brokerage said the strategy could intensify competition for Indian mid-cap IT service providers.

IT Stocks Live: Share.Market Says Nifty IT Breakdown Signals Continued Weakness

Nishchal Jain, Quant Researcher at Share.Market by PhonePe, said the sharp decline in the Nifty IT index marks a significant deterioration in the sector's technical setup.

  • He said the index has broken below key support levels that had held over recent weeks.

  • Jain noted that Nifty IT is now trading below its 50-day and 200-day daily moving averages, indicating continued near-term weakness.

  • He added that while momentum indicators suggest the index has entered oversold territory, a sustained recovery would require the formation of a stronger base over time.

IT Stocks Live: Share.Market Flags AI Monetisation Concerns Amid IT Sell-Off

Nishchal Jain, Quant Researcher at Share.Market by PhonePe, said the correction in IT stocks reflects broader concerns around technology spending and the pace of returns from artificial intelligence investments.

  • He said global enterprises are delaying discretionary technology spending and high-margin consulting projects, while prioritising cost-optimisation and managed services.

  • Jain highlighted what he described as an "AI disruption paradox", where long-term generative AI bookings remain healthy but near-term monetisation has been slower than expected.

  • He added that investors are weighing the possibility that AI-driven efficiencies could gradually affect traditional headcount-based billing models used by IT services companies.

IT Stocks Live: Systematix Flags Rising Competition In Mid-Market IT Services

Systematix said Accenture's expansion strategy could increase competitive intensity.

  • The launch of Accenture Edge marks a push into the mid-market segment.
  • The brokerage said the move could raise competition and pricing pressure for mid-tier IT firms.
  • Mid-market players may face increased challenges in winning business.

IT Stocks Live: Equirus Flags Mid-Market Push As Operating Shift

Equirus said Accenture's focus on smaller enterprises marks a change in approach.

  • Accenture plans to target companies with annual revenue of $300 million to $3 billion.
  • The company estimates the segment represents a $240 billion market opportunity.
  • Equirus said the move raises questions about growth opportunities within its existing business.

IT Stocks Live: PL Capital Says CMT Remains A Growth Driver For Accenture

PL Capital said the communications, media and technology segment continued to support Accenture's growth.

  • The segment grew 9% year-on-year in constant currency during the quarter.
  • Financial services growth moderated to 3%, while healthcare remained flat.
  • The brokerage said growth was broad-based across most business segments and regions.

IT Stocks Live: Systematix Flags Large Deal Pushouts Into FY27

Systematix said the postponement of major contracts could affect near-term visibility.

  • Accenture said a couple of large managed services opportunities moved into FY27.
  • The brokerage said this could weigh on bookings and revenue visibility.
  • It added that slippage risks in large deal closures remain elevated.

IT Stocks Live: Equirus Says Managed Services Deal Delays Weighed On Bookings

Equirus attributed the softer order book to deferred large contracts.

  • Accenture said some managed services opportunities shifted into FY27.
  • Managed services bookings declined during the quarter.
  • The brokerage said the delays reflected slower client decision cycles.

IT Stocks Live: PL Capital Says Weak Bookings Point To Cautious Spending

PL Capital said Accenture's bookings data reflected continued caution among clients.

  • Managed services bookings fell 15% year-on-year to $9.1 billion.
  • Total bookings slipped 3% year-on-year to $19.3 billion.
  • The brokerage said the trend points to ongoing weakness in discretionary spending.

IT Stocks Live: Sonata Software Slips As Traders Add Fresh Positions

Sonata Software also witnessed weakness in the futures segment.

  • Sonata Software futures fell 2.80%.
  • Open interest rose 19.48%.
  • The stock saw fresh positions emerge during the decline.

IT Stocks Live: Oracle Financial Services Bucks IT Sell-Off, Infosys Remains Top Laggard

The sell-off in information technology stocks continued, with Oracle Financial Services emerging as the lone gainer among major listed peers.

  • Oracle Financial Services rose 0.48%, standing out in an otherwise weak sector.

  • Infosys remained the biggest loser, declining 7.61%, followed by TCS at 5.68% and Tech Mahindra at 4.71%.

  • Persistent Systems, HCL Technologies, Sonata Software, Zensar Tech and Wipro also traded lower, reflecting broad-based weakness across the IT pack.

 

IT Stocks Live: Systematix Says Near-Term Recovery Hopes Have Faded

Systematix said recent developments have reduced expectations of a quick recovery in the sector.

  • Accenture lowered the upper end of its FY26 revenue growth guidance to 3%-4% from 3%-5%.
  • The brokerage said weaker visibility and deal delays indicate a slower recovery path.
  • Large contract deferrals into FY27 also weighed on sentiment.

IT Stocks Live: Equirus Expects Macro Pressures To Persist Into H1FY27

Equirus said Accenture's guidance implies that demand headwinds have not eased.

  • The brokerage said macro-related issues could continue through April-September 2026.
  • It remains watchful of the effect on FY27 growth estimates for Indian IT companies.
  • The commentary points to a cautious spending environment.

IT Stocks Live: Zensar Tech Falls Nearly 3% In Early Trade

Zensar Tech was among mid-cap IT stocks trading lower.

  • Zensar Tech futures declined 2.76%.
  • Open interest increased 37.90%.
  • The derivatives data reflected fresh selling activity.

IT Stocks Live: PL Capital Notes Guidance Cut At Accenture

PL Capital said Accenture lowered the upper end of its FY26 revenue growth guidance due to continued uncertainty.

  • Accenture revised its FY26 constant-currency revenue growth outlook to 2%-4% from 2%-5% earlier.
  • The company expects disruption linked to the Middle East conflict to continue into the fourth quarter.
  • The brokerage said the update suggests a subdued demand environment.

IT Stocks Live: Systematix Flags Middle East Conflict Impact On Revenue

Systematix said geopolitical tensions affected Accenture's quarterly performance.

  • Accenture reported an estimated $100 million revenue impact during the quarter.
  • The effect stemmed from both direct exposure to the Middle East and indirect disruptions elsewhere.

The brokerage said the conflict added to existing demand uncertainty

IT Stocks Live: Birlasoft Declines Despite Smaller Open Interest Addition

Birlasoft traded lower, although the increase in derivatives positions remained limited.

  • Birlasoft futures fell 1.66%.
  • Open interest rose 6.53%.
  • The stock joined the broader weakness across IT counters.

IT Stocks Live: Equirus Says Middle East Disruptions Delayed Spending Decisions

Equirus highlighted the impact of geopolitical tensions on client spending patterns.

  • Accenture said the Middle East conflict affected consulting and discretionary work.
  • The brokerage noted that delayed decision-making extended beyond the region.

It said the trend could keep demand conditions subdued in the near term.

IT Stocks Live: PL Capital Says Middle East Conflict Delayed Deal Closures

PL Capital highlighted that disruptions linked to the Middle East conflict affected Accenture's revenue and bookings.

  • Accenture reported an estimated $100 million revenue impact in the quarter from the conflict.
  • Several large managed services deals were deferred into FY27.
  • The brokerage said the trend signals longer decision cycles for clients.

IT Stocks Live: Tata Elxsi Trades Lower In Futures Market

Tata Elxsi extended losses in line with the broader weakness in IT stocks.

  • Tata Elxsi futures fell 2.75%.
  • Open interest increased 42.46%.
  • The stock saw fresh additions to outstanding positions.

IT Stocks Live: Systematix Says AI Infrastructure Costs Create New Opportunity

Systematix highlighted a potential services opportunity linked to AI adoption.

  • Accenture said rising AI infrastructure and token costs are driving demand for optimisation services.
  • The company compared the trend with the early phase of cloud adoption.
  • The brokerage said this could open a new area of work for service providers.

IT Stocks Live: Equirus Says AI Continues To Support IT Demand

Equirus maintained that artificial intelligence remains a positive demand driver.

  • The brokerage said enterprises are investing in modernising core technology systems.
  • It expects AI adoption to support transformational spending.
  • Equirus said it will monitor the long-term trajectory of AI-native services demand.

IT Stocks Live: Mphasis Futures Fall As Open Interest Surges

Mphasis remained in the red as traders increased activity in the counter.

  • Mphasis futures fell 2.29%.
  • Open interest rose 156.48%.
  • The rise in open interest alongside price weakness suggested fresh short build-up.

IT Stocks Live: PL Capital Highlights Continued AI Spending Trend

PL Capital said Accenture continued to report strong momentum in artificial intelligence-related work.

  • Clients are investing in cloud, data, security and operating model changes to support AI adoption.
  • Accenture said at least one in two advanced AI projects led to a related data project.
  • The company also plans to expand investments in its operational technology cybersecurity platform.

IT Stocks Live: Systematix Says Accenture Update Signals Tough Demand Conditions

Systematix said Accenture's latest results point to a challenging environment for Indian IT companies.

  • The brokerage cited softer bookings, lower guidance and continued client caution.
  • It said macro uncertainty and geopolitical tensions are delaying spending decisions.
  • The commentary suggests demand conditions remain under pressure.

IT Stocks Live: LTM Sees Fresh Short Build-Up

LTM also featured among IT stocks under pressure.

  • LTIMindtree futures declined 2.30%.
  • Open interest increased 51.31%.
  • The derivatives trend pointed to fresh short positions.

IT Stocks Live: Equirus Flags Weak Order Book As Key Monitorable

Equirus said Accenture's order intake data suggests clients remain cautious.

  • Accenture reported bookings of $19.3 billion in the quarter.
  • Book-to-bill fell to 1.03 times, the lowest level in 14 quarters.
  • Equirus said delays in awarding large managed services contracts warrant close monitoring.

IT Stocks Live: PL Capital Sees Softer Start To FY27 For Indian IT Peers After Accenture Update

PL Capital said Accenture's latest quarterly performance points to a weaker start to FY27 for Indian IT companies.

  • The brokerage said delayed deal closures, slower project ramp-ups and prolonged client decision-making could weigh on near-term growth.
  • It added that weaker managed services bookings and signs of cautious discretionary spending suggest a softer first half for Indian IT peers.

IT Stocks Live: PL Capital Sees Softer Start To FY27 For Indian IT Peers After Accenture Update

PL Capital said Accenture's latest quarterly performance points to a weaker start to FY27 for Indian IT companies.

  • The brokerage said delayed deal closures, slower project ramp-ups and prolonged client decision-making could weigh on near-term growth.
  • It added that weaker managed services bookings and signs of cautious discretionary spending suggest a softer first half for Indian IT peers.

IT Stocks Live: Hexaware Tech Drops 3% Amid Higher Futures Activity

Hexaware Tech was among the IT stocks trading lower.

  • Hexaware Tech futures fell 3.03%.

  • Open interest climbed 52.54%.

  • Traders added positions as the stock weakened.

IT Stocks Live: Morgan Stanley Says Accenture Flags Prolonged Demand Uncertainty For Indian IT

Morgan Stanley said Accenture's latest commentary suggests the challenging macro environment could extend into the second quarter, raising risks for Indian IT companies.

  • The brokerage said Accenture's implied fourth-quarter growth outlook came in below its estimates.

  • It highlighted delayed client decision-making and the impact of the Middle East conflict as key factors affecting demand.

  • Morgan Stanley said the uncertainty could spill over into Q2, posing risks to FY27 guidance issued by Indian IT companies, with the impact likely to vary across players.

IT Stocks Live: Hexaware Tech Drops 3% Amid Higher Futures Activity

Hexaware Tech was among the IT stocks trading lower.

  • Hexaware Tech futures fell 3.03%.
  • Open interest climbed 52.54%.
  • Traders added positions as the stock weakened.

IT Stocks Live: KPIT Technologies Declines As Open Interest Rises

KPIT Technologies came under pressure in futures trade.

  • KPIT Technologies futures fell 3.21%.
  • Open interest increased 54.90%.
  • The data suggested fresh selling positions in the stock.

IT Stocks Live: Coforge Sees Fresh Short Build-Up

Coforge traded lower as traders increased exposure in the futures segment.

  • Coforge futures fell 3.57%.
  • Open interest rose 64.49%.
  • The stock featured among IT names witnessing fresh short build-up.

IT Stocks Live: Wipro Futures Fall Over 3% In Early Trade

Wipro extended losses as weakness persisted across information technology stocks.

  • Wipro futures dropped 3.16%.
  • Open interest rose 42.31%.
  • The derivatives data reflected fresh positions during the decline.

IT Stocks Live: HCLTech Slides As Traders Add Positions

HCL Technologies remained under pressure in early trade.

  • HCL Technologies futures fell 4.03%.
  • Open interest increased 52.74%.
  • The stock was among the IT names witnessing fresh selling activity.

IT Stocks Live: Tech Mahindra Futures Signal Fresh Short Positions

Tech Mahindra traded lower as derivatives data showed an increase in outstanding contracts.

  • Tech Mahindra futures declined 4.37%.
  • Open interest climbed 257.46%.
  • The rise in open interest alongside lower prices indicated fresh short build-up.

IT Stocks Live: Persistent Systems Drops Nearly 5% Amid Higher Open Interest

Persistent Systems joined the broader IT sell-off in derivatives trade.

  • Persistent Systems futures fell 4.91%.
  • Open interest rose 39.53%.
  • The stock was among the IT counters seeing fresh positions on the downside.

IT Stocks Live: TCS Futures See Fresh Short Build-Up

Tata Consultancy Services featured among IT stocks witnessing fresh selling in the futures market.

  • TCS futures declined 5.80%.
  • Open interest increased 28.15%.
  • The combination of falling prices and rising open interest pointed to fresh short build-up.

IT Stocks Live: Infosys Extends Decline With Highest Open Interest Addition

Infosys remained under pressure in futures trade as traders added fresh positions amid the stock's decline.

  • Infosys futures fell 7.62%.
  • Open interest rose 36.47%, indicating fresh short positions.
  • The move made Infosys one of the most active IT names in the derivatives segment.

IT Stocks Live: Infosys Leads IT Sell-Off As Large-Cap Peers Decline

Selling pressure spread across information technology stocks in early trade, with Infosys emerging as the biggest loser among major names.

  • Infosys fell 7.62%, while TCS declined 5.80%.

  • Persistent Systems dropped 4.91%, followed by Tech Mahindra at 4.37% and HCL Technologies at 4.03%.

  • Coforge, KPIT Technologies, Wipro and Hexaware Tech also traded lower, reflecting broad-based weakness across the IT pack.

 

IT Stocks Live: Nifty IT Slides Over 6% After Accenture Cuts FY27 Revenue Guidance

Nifty IT fell more than 6% shortly after the opening bell on Friday as investors sold information technology stocks following Accenture's decision to lower its FY27 revenue guidance.

  • Shares of Infosys, TCS, HCL Tech, Tech Mahindra and Mphasis were among the major losers in early trade.

  • The sell-off pushed the Nifty IT index to its lowest level since April 2023.

  • The decline came after Accenture revised down its revenue outlook for FY27.

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