Indian IT Stocks Crash To Multi-Year Lows Following Accenture’s Weak Revenue Guidance

The Indian IT sector faced a brutal sell-off today, with ₹1.35 lakh crore in investor wealth wiped out as blue-chip stocks hit multi-year lows. The crash was triggered by U.S. giant Accenture slashing its revenue guidance, fueling fears of a prolonged slowdown in global tech spending. The Nifty IT index has now plummeted 30% this year. Adding to the pressure, the sector is grappling with the disruptive challenge of AI integration and the economic fallout from the ongoing Iran war. Despite TCS overtaking Accenture as the world’s most valuable IT services company, overall market sentiment remains deeply cautious.