Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.
Indian IT majors experienced a significant sell-off, losing Rs 1.35 lakh crore, after Accenture revised its revenue guidance downwards. This market reaction, impacting companies like TCS and Infosys, stems from growing concerns about AI disrupting traditional IT services and…
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