Infosys stock heads into the week after Accenture news hits Nifty IT
Infosys comes into this week facing renewed selling after shares slid 6.75% Friday to close at ₹1,051.40. The stock touched ₹1,030 during the session and saw turnover above 45.6 million shares. The drop is key now as it put pressure on the market’s bet that India’s big IT exporters were nearing a demand rebound. Accenture, seen as a bellwether for Indian tech by many investors, cut the top of its fiscal-year growth forecast. That points to choppy client spending. “Local currency” growth takes out currency effects for a clearer picture of demand.