Infosys, TCS & other Indian IT stocks crash! How Accenture’s warning has led to big sell-off - what brokerages are saying
Indian IT stocks crashed on Friday as growing disruption fears from artificial intelligence weighed on major stocks such as Tata Consultancy Services (TCS), Infosys, Tech Mahindra, HCLTech. The trigger came from global technology giant Accenture's weaker-than-expected outlook, which rattled investor sentiment and erased nearly Rs 1.35 lakh crore in market value in a single trading session from major IT stocks.
Indian IT stocks crashed on Friday as growing disruption fears from artificial intelligence weighed on major stocks such as Tata Consultancy Services (TCS), Infosys, Tech Mahindra, HCLTech. The trigger came from global technology giant Accenture's weaker-than-expected outlook, which rattled investor sentiment and erased nearly Rs 1.35 lakh crore in market value in a single trading session from major IT stocks.
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