Accenture Q4 guidance: Nomura India remained concerned on the demand outlook for Indian IT services and expects 480 bps slower revenue growth at 6.1 per cent for large cap IT firms in FY24.
TCS, the largest IT firm, fell 0.92 per cent to hit a low of Rs 3,209 apiece on BSE. Infosys, the second largest in terms of sales, fell 1.36 per cent to a low of Rs 1,265.15. HCL Technologies slipped 1.04 per cent to Rs 1,151.15.
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Federal Bank Q4 results review: Core performance softened owing to a slowdown in business banking and gold loans, lower NII and fees, and higher agri slippages, said Nuvama.