TSX:GSY 25 May 2026

June 19, 2026, 1:01 AM EDT. Nifty IT index crashed nearly 6% on Friday after Accenture lowered its revenue growth forecast, sparking a sharp sell-off in Indian IT stocks. Infosys fell 7.6%, TCS dropped 6%, and Tech Mahindra declined 6.3%, dragging the sector down and impacting the broader market. Accenture's warning on weaker global tech spending, especially due to revenue headwinds from West Asia, triggered fears over slower recovery in IT demand. Shares of Infosys and Wipro American Depository Receipts also saw significant declines. Despite Accenture reporting solid Q3 revenue of $18.7 billion, its reduced annual growth outlook and lower new bookings pointed to uncertain client spending. Analysts noted the cautious guidance reflects demand challenges rather than negative effects from artificial intelligence adoption.