India's Nifty IT index at three-year low as bellwether Accenture flags weak outlook
Indian IT stocks slump up to 7% as Accent cuts revenue outcome, fueling fresh concerns over sector growth.
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Summary
Indian IT stocks slump up to 7% as Accent cuts revenue outcome, fueling fresh concerns over sector growth. Shares of major Indian IT companies fall up to 7% after global sector leader Accenture cuts its revenue guidance. Stock Market Crash: Accenture Sparks IT Bloodbath; Investors Lose Rs 2 Trillion.
Furthermore, The sharp decline highlights a growing concern on Dalal Street: if Accenture is seeking weak demand, Indian IT companies could face similar challenges. Two big reasons Accenture’s stock is sliding in the wake of earnings.
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Indian IT stocks slump up to 7% as Accent cuts revenue outcome, fueling fresh concerns over sector growth.
reliability moderate2/2 sourcesShares of major Indian IT companies fall up to 7% after global sector leader Accenture cuts its revenue guidance.
reliability moderate2/2 sources
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Stock Market Crash: Accenture Sparks IT Bloodbath; Investors Lose Rs 2 Trillion.
according to NDTV - Top StoriesThe sharp decline highlights a growing concern on Dalal Street: if Accenture is seeking weak demand, Indian IT companies could face similar challenges.
according to NDTV - Top StoriesTwo big reasons Accenture’s stock is sliding in the wake of earnings.
according to MarketWatch +1
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Indian IT stocks slump up to 7% as Accent cuts revenue outcome, fueling fresh concerns over sector growth.
omitted byLeft sideRight sidePublic / Agenciescovered byCenterShares of major Indian IT companies fall up to 7% after global sector leader Accenture cuts its revenue guidance.
omitted byLeft sideRight sidePublic / Agenciescovered byCenter