Accenture posted strong quarterly results, prompting investors to reassess growth prospects for Indian IT firms. Shares of Infosys and Wipro fell, with their American Depositary Receipts slipping as much as 4%. The move highlights how global earnings from a major player can sway sentiment across the sector, especially as AI-driven demand intensifies. Analysts say the reaction underscores the interconnectedness of multinational tech stocks and domestic market expectations.
Accenture posted strong quarterly results, prompting investors to reassess growth prospects for Indian IT firms. Shares of Infosys and Wipro fell, with their American Depositary Receipts slipping as much as 4%. The move highlights how global earnings from a major player can sway sentiment across the sector, especially as AI-driven demand intensifies. Analysts say the reaction underscores the interconnectedness of multinational tech stocks and domestic market expectations.