Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services. Accenture’s results indicate broader IT sector trends ahead of India’s earnings season in April.
Oil shock from Iran war raises risks for India’s stock market
Escalating Middle East tensions are poised to further weaken Indian equities, with strategists warning of underperformance against global peers. Higher oil prices, driven by the