Explained: Why Accenture’s warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocks

June 19, 2026

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture’s revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector’s pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.

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