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Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit a new 52-week low

As reported by Stocks-Markets-Economic Times
Infosys share price: Infosys shares plummeted 9% to a 52-week 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 plummeted 9% to a new 52-week low, wiping out nearly Rs 40,000 crore in market capitalization. This significant drop was primarily driven by Accenture's lowered revenue forecast, which sparked widespread concerns about reduced discretionary IT spending across the…

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