The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
The Nifty IT index plummeted over 6% to a three-year low following Accenture’s guidance cut, leading to sharp declines in Infosys, TCS, and HCLTech stocks, some falling up to 9%. While some analysts suggest valuations are now attractive, others advise caution due to AI…
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