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.
F&O Talk: Big break above 23,200 can open doors for 23,500 for Nifty; Sudeep Shah picks 6 stocks ahead of Diwali
Nifty could extend its recovery towards 23,500 if it decisively breaks above the 23,150–23,200 resistance zone, says SBI Securities’ Sudeep Shah. He also shares his
October 31, 2026