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Indian Software Stocks Tumble After Accenture Warns on Growth

Indian Software Stocks Tumble After Accenture Warns on Growth
Bloomberg Markets Friday 19 June 2026, 04:10 UTC By Ashutosh Joshi 1 min read
Key Points

Indian Software Stocks Tumble After Accenture Warns on Growth Shares of Indian software firms tumbled on Friday, joining a global selloff in tech stocks after Accenture Plc forecast slower revenue growth, deepening concerns over a sector that has shed nearly 30% of its market value this year. Tata Consultancy Services Ltd. fell as much as 6.5% in Mumbai to its lowest since 2020, while Infosys Ltd. slid 8.7%, tracking a 10% overnight drop in its US-listed shares. Asian peers including NEC...

Indian Software Stocks Tumble After Accenture Warns on Growth Shares of Indian software firms tumbled on Friday, joining a global selloff in tech stocks after Accenture Plc forecast slower revenue growth, deepening concerns over a sector that has shed nearly 30% of its market value this year. Tata Consultancy Services Ltd. fell as much as 6.5% in Mumbai to its lowest since 2020, while Infosys Ltd. slid 8.7%, tracking a 10% overnight drop in its US-listed shares. Asian peers including NEC Corp. and BayCurrent Inc. also declined.
Indian Software Stocks Tumble (ORG) Accenture Warns (ORG) Indian (ORG) Accenture Plc (ORG) Tata Consultancy Services Ltd. (ORG) Mumbai (LOCATION) Infosys Ltd. (ORG) US (LOCATION) Asian (ORG) NEC Corp. (ORG) BayCurrent Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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