Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5%
IT stocks crash, June 19 -- Indian IT stocks came under heavy selling pressure after global technology services giant Accenture trimmed the upper end of its full-year revenue growth forecast and issued a weaker-than-expected outlook, raising concerns about demand trends across the information technology sector.
Nifty IT index tanked 6.5% as against a 1% fall in the benchmark Nifty 50.
All Nifty IT constituents were also in the red. Infosys was the top dragger, down 7.5%, followed by Mphasis, Tech Mahindra, Persistent Systems and TCS, all declining over 6% each. Meanwhile, HCL Tech, Coforge, LTM also shed over 5% each, and Wipro and L&T Tech were down 4% and 2%, respectively.
The negative sentiment spilled over from global technology st...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.