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infosys share price: Accenture s revenue outlook cut sends IT stocks crashing

Investors reduced IT shares post Accenture s lowered revenue guidance, impacting Nifty IT, TCS, Infosys, Cyient, Mastek, LatentView, LTI Mindtree, Wipro, HCL Technologies. Cautious sentiment lingers with modest prospects till 2024.

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Why Sensex, Nifty 50 Are Falling After A Record Run? 7 Key Factors Behind Selloff

Why Sensex, Nifty 50 Are Nosediving After A Record Run? Key Factors Behind Selloff Rising interest rates, Key Factors Behind Selloff and more at news18.com

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Sensex falls over 300 pts, Nifty trades at 19,800 levels; HDFC Bank, IT stocks weigh

Domestic equities plunged on Thursday after the US Federal Reserve decided to keep the policy rate unchanged but stuck with forecasts for one more rate hike this year.

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it stocks crash: Rub-off effect! IT stocks crash up to 10%; Infosys top loser

Infosys shares plunged nearly 10% to the day s lows of 1,305 following its June quarter earnings on Thursday where it significantly cut its FY24 revenue growth guidance. The last major fall for Infosys was on April 17, 2023, when the stock fell by over 14% while the Nifty IT index fell 7.62%.

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What has led to a fall in the stocks of IT companies?

The fall in the sector has been triggered by lower-than-expected results of Infosys and TCS.

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