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VERIFIEDET Markets·negative
TCS, Infosys, Wipro, other IT stocks in focus as Accenture lowers FY26 guidance; ADRs crash up to 10%
AI Summary
- ·Accenture lowered its FY26 revenue guidance, impacting global IT stocks.
- ·Indian IT ADRs saw a significant decline, with Infosys down 10% and Wipro down nearly 4%.
- ·The move raises concerns for major Indian IT companies due to weaker enterprise tech demand.