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Accenture's 20% Stock Crash Wipes Rs 2 Trillion From Indian IT Stocks
NDTV·Friday, 19 June 2026
Accenture's stock fell nearly 20% after its fiscal third-quarter results missed revenue expectations and showed a decline in new bookings. The selloff dragged Indian IT stocks down sharply, with the Sensex sliding 700 points as investors in TCS, Wipro, and Infosys took heavy losses. CEO Julie Sweet urged investors to stay patient, pointing to long-term AI-driven growth.
Why It Matters
Millions of Indians work in IT, and millions more invest in IT stocks through mutual funds — a sharp fall in the sector hits both jobs sentiment and retirement savings.
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