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Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit lowest level in almost 6 years

As reported by Stocks-Markets-Economic Times
Infosys share price: Infosys shares plummeted 9% to a near 6-year low, losing nearly Rs 40,000 crore in market cap. This follows Accenture's lowered revenue forecast, sparking concerns over reduced discretionary IT spending. The US Federal Reserve's hawkish stance further fueled worries about a potential slowdown in enterprise technology investments.
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Infosys shares plunged 9%, wiping out Rs 40,000 crore in market cap and hitting a near six-year low. The fall was triggered by Accenture's reduced revenue outlook, raising fears of slower IT spending. Concerns about the US Federal Reserve's hawkish stance also impacted investor…

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