Accenture’s lowered revenue growth guidance triggered a sell-off in Indian IT stocks, with the Nifty IT index falling 1.5%. Investors are concerned about subdued discretionary IT spending and delayed recovery expectations. While Gen AI bookings showed growth, the momentum slowed, impacting future revenue projections. Interest rate cuts in the US could provide a positive trigger.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026