TCS, Wipro, Infosys, HCL, Tech Mahindra shares: Accenture Q4 strong show impact on Indian IT stocks decoded by experts
New Delhi, Oct. 5 -- Most IT stocks, including TCS, Wipro, Infosys, HCL Technologies, and Tech Mahindra witnessed healthy buying interest in morning deals on Monday, 5 October, boosted by strong Q4 results from global consulting and IT services major Accenture.
The Nifty IT index jumped 1.6% during the session, before succumbing to profit booking and slipping into the negative territory. On 1 October, after Accenture's earnings, the index closed 2.17% higher.
Accenture is a $74 billion consulting and IT services giant, which works with 80% of the global 500 corporations.
Its majority of workforce is based in the low-cost global delivery network, such as India, Philippines, etc., and outsourcing accounts for about 47% of its revenue, wh...
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