Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Indian tech stocks fell sharply on Friday, tracking a significant decline in Accenture due to weak revenue and order forecasts. The Nifty IT index dropped over 6%, with Infosys and TCS seeing major losses. While valuations appear attractive, future growth is uncertain due to AI…
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