Accenture's weak outlook triggered selling pressure among major Indian IT companies like Infosys and Wipro.

The entities involved

• Infosys →

  Indian multinational technology company

  • A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.Mon 15:42
  • On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.Mon 15:42
• Accenture →

  multinational management consulting, technology services and outsourcing company

  • Financial institutions noted weak demand and revenue headwinds for Accenture due to West Asia conflict disruptions.Mon 15:16
  • Trump-era tariffs are noted to be affecting the market outlook.Mon 09:38
• Wipro →

  Indian information technology services corporation headquartered in Bengaluru, India

  • Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.Mon 13:05
  • Major Indian IT companies including TCS, Infosys, Wipro, and HCL experienced significant stock price declines on January 1, 2026, amidst market corrections and expert commentary on TCS.Mon 03:25

Related events

• Both the IT and real estate sectors are currently facing significant market headwinds.Sep 13
• Michael Burry is critiquing the market by comparing Palantir to consulting models, including those used by Accenture.Sep 8
• Infosys, HCL Technologies, Adani Enterprises, and Titan experienced mixed market performance on September 15, 2026, with some gains and sell-off pressures.Sep 15
• TCS and Infosys compete in the high-revenue IT services market amid market pressure leading to workforce consolidation.Aug 17
• Leading gains in the information technology sector were noted on August 1st, reflecting the ongoing competitive landscape between TCS and Infosys.Aug 28