Indian IT stocks, including Infosys, Wipro, and TCS, experienced a decline following Accenture’s Q3 results, despite the latter exceeding revenue expectations. Investor concerns arose regarding future demand trends and overall sector sentiment, overshadowing positive AI-driven service growth. The sell-off was also influenced by flagged headwinds from a sluggish U.S. federal contracting environment.
India’s macro setup stable, but markets await earnings firepower: Hemang Jani
Hemang Jani suggests favoring Swiggy, Eternal, or Policybazaar over Nykaa among new-age companies, citing Nykaa’s lackluster performance. He anticipates stable market conditions with a focus
July 3, 2025