Indian IT shares plummet following Accenture’s dampening effect on expectations for a demand recovery.

BENGALURU – The Indian IT sector experienced a significant downturn on Friday, with shares of leading IT services companies falling sharply. This came in the wake of Accenture revising its revenue forecast downwards for fiscal 2024, dampening previously hopeful sentiments for a demand recovery in the industry. The Nifty IT index witnessed a 3.2% decline, … Continue reading Indian IT shares plummet following Accenture’s dampening effect on expectations for a demand recovery.