Markets #it stocks#accenture
Indian IT Stocks Crash Rs 1.35 Lakh Cr on Accenture Warning; Analyst Sees Further Downside
Indian IT stocks suffered a massive sell-off on Friday, erasing nearly Rs 1.35 lakh crore in market value, after Accenture's weaker-than-expected outlook reignited fears of AI-driven disruption. The Nifty IT index fell 6%, taking its calendar-year decline to 29%. Brokerages warned of further earnings downgrades and valuation compression for Indian IT firms.
Jun 20, 2026 1 source