Accenture trims revenue growth outlook, Indian IT stocks fall

Business Jun 19, 2026

Accenture just trimmed its revenue growth outlook for the current financial year ending August 2026, blaming tighter tech budgets and shaky economic vibes.
Since Indian IT giants depend on the same global clients, this move quickly sent their stocks sliding.

Infosys TCS Wipro HCL Tech slide

Infosys, TCS, Wipro, and HCL Tech all dropped between 3% and 8% after the news.
The Nifty IT index tumbled 5.1%, and even broader markets like Sensex and Nifty 50 slipped a bit too.

Analysts warn of Indian IT headwinds

Analysts think this signals near-term challenges for Indian IT, pointing out high stock valuations, the Middle East conflict slowing deals, tight client budgets, and big investments in AI.
For now, it looks like growth will stay under pressure.