Accenture Cuts Outlook, Tech Stocks Slump

IT services giant Accenture slashed its fiscal 2026 revenue forecast, triggering a 17% drop in its stock price and sparking a sharp sell-off in global technology shares.

The warning had an immediate impact on Indian markets, where Infosys plunged over 8% and the BSE Sensex and Nifty50 both closed lower, snapping a five-day winning streak.

The sell-off was compounded by renewed geopolitical concerns following the postponement of US-Iran peace talks.

The downturn highlights the vulnerability of the Indian IT sector to global economic headwinds and reduced technology spending.