Market move▼ Bearish for Accenture
IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%
The brief
- HCL Tech and Infosys shares fell up to 4% after Accenture earnings
- Analysts expect moderate improvement in Q2FY27, with Middle East conflict weighing on client spending
- Indian IT services stocks face pressure from weak client spending, despite expectations of moderate Q2FY27 improvement
- IT sector Q2 FY27 preview: TCS, Infosys to HCL Tech, Tech M— Kotak sees muted quarter for Indian IT giants
- Indian IT stocks extend sell-off, with Infosys below ₹1,000 and Wipro at a six-year low