IT Sector Gains: Infosys, TCS, and Peers Rise 3% on Accenture's Performance and Rupee Weakness

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Indian IT Stocks Surge on Accenture Results, Rupee Depreciation

Indian IT Stocks Surge on Accenture Results, Rupee Depreciation

C

CNBC TV18•20-03-2026, 09:18

Indian IT Stocks Surge on Accenture Results, Rupee Depreciation

•Indian IT companies like Infosys, TCS, HCLTech, and Wipro surged up to 3% following Accenture Plc's results.
•Accenture revised its FY26 revenue growth guidance to 4-6% from 3-6%, excluding US Federal business impact.
•Oracle Financial led Nifty IT index gains, with Coforge, Tech Mahindra, Persistent Systems, Mphasis, Infosys, and HCLTech also seeing 2-3% increases.
•Brokerages like Citi, Nomura, and HSBC offered varied outlooks on the impact on Indian IT, with some caution despite the surge.
•Rupee depreciation (4-5%) recently provides support to IT sector earnings, with valuations near a trough.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

Kotak slashes IT stock targets by up to 30%, bets on 'long-term relevance'

Kotak slashes IT stock targets by up to 30%, bets on 'long-term relevance'

Market cues : डेली चार्ट पर निफ्टी में अपर शैडो के साथ एक ठीक-ठाक पॉजिटिव कैंडल बनी है। यह निचले स्तर से वापसी की कोशिश का संकेत है

Market Rebounds: Sensex, Nifty Close with Gains; What to Expect on Feb 23?

Nifty IT

CLSA Dismisses AI Threat to IT Firms, Nifty IT Jumps 3%; Infosys, TCS Lead Gains

Rupee Hits Record Low: Infosys, Persistent, Mphasis Shares Soar

Rupee Hits Record Low: Infosys, Persistent, Mphasis Shares Soar

One MobiKwik Systems Ltd के शेयर शुरुआत में 11 प्रतिशत से ज्यादा उछल गए।

Market Turmoil: IT Stocks Plunge, Textile Shares Drop, Suzlon, Waaree See Gains

brokerage report

Brokerage Giants Issue Explosive Reports on 8 Stocks: Reliance, Cement, IT in Focus