BREAKING
This Indian company will make dangerous cannon in collaboration with America, new defense deal creates stir in stock marketAI revolution changed the fortunes of this indigenous company, earnings increased by 90%, orders worth thousands of crores fell in the bag.Heavy fall in IT stocks… Selling in Infosys-TCS after warning of foreign company, investors lost Rs 1.25 lakh croreSilver and gold prices fell drastically! Silver became cheaper by more than Rs 6800, gold also fell by Rs 2500Pakistan-Bangladesh battered by India-UK deal, now Indian goods will dominate UK markets!RIL AGM: Investors lost Rs 1.5 lakh crore, will Mukesh Ambani be able to bring back the lost momentum of Reliance?Tiles Price Update: Will tiles become cheaper if Iran war stops? Home builders should wait or buy nowNSE IPO will create a stir! Issue of Rs 30,000 crore, will there be an earthquake in the market?Changing nominee in EPF account becomes easy! The work will be completed in minutes with 16 digit VIDPacer Harshit Rana added to India squad for third ODI against Afghanistan
Business

Heavy fall in IT stocks… Selling in Infosys-TCS after warning of foreign company, investors lost Rs 1.25 lakh crore

me.sumitji@gmail.com 20 Jun 2026 1 hour ago

Friday proved to be a nightmare for investors in the IT sector in the stock market. Shares of India's leading IT companies scattered like a pack of cards. Heavy selling was seen in big and reliable stocks like Infosys, TCS and HCL Tech. The reason behind this entire devastation is not any domestic incident in India, but a strict warning from the world's largest consulting company, Accenture. The weak outlook of Accenture has badly scared the investors, due to which the Nifty IT index plunged by 6.5 percent and Rs 1,25,981 crore was wiped out from the market in a few hours.

That decision of Accenture which created a stir in the market

What happened suddenly that IT shares, which were considered a guarantee of profits, crashed? In fact, global giant Accenture has reduced its full year earnings (revenue growth) estimates. Earlier the company was expecting 3 to 5 percent growth, which has now been reduced to 3 to 4 percent. The company has also presented weak figures for the fourth quarter. The stock market depends entirely on future expectations. When a big company like Accenture is seeing a slowdown in getting new orders, investors are beginning to fear that it will have a direct impact on the business of Indian IT companies. Due to this fear, investors sold their shares in a hurry.

Infosys is the worst hit, other big companies are also in bad shape The impact of this heavy selling was less visible on the main market i.e. Nifty 50, but more on the IT sector. The main market fell only 1 percent, but IT shares spoiled the entire picture of the market. Infosys suffered the biggest blow in this recession, whose shares fell by 8.34 percent. this fall right here Didn't stop. Shares like Mphasis, TCS, Tech Mahindra and Persistent Systems closed in the red. This fear was not limited to the Indian market only. In the American market also, ADRs of Infosys and Wipro fell by almost 10 percent. Cognizant fell 10 percent, while Accenture's shares themselves crashed by more than 17 percent.

Company Name

stock decline

Infosys

8.34%

Mphasis

6.41%

TCS

5.88%

Tech Mahindra

5.45%

LTIMindtree

5.13%

Persistent Systems

5.10%

HCL Tech

5.04%

Coforge

4.07% wipro 3.52% Note: These figures are based on trends as of 9:25 am.

What should investors do now?

When there is such a big fall in the market, it is natural for the common investor to get nervous. The question is, should you sell your IT shares? According to market experts, the whole picture is not as scary as it seems now. Even though Accenture has reduced the revenue estimates, the company has made it clear that the demand for Artificial Intelligence (AI) and big digital transformation projects is still very strong in the market. Accenture itself plans to spend about $ 9 billion this year to strengthen its position in AI, data and cloud services. This means that the IT sector may be under pressure in the short term, but in the long term, the future of AI and cloud services is bright. Investors should avoid panic selling. At present, the most prudent step would be to keep a close eye on the order book of the companies as well as their upcoming results.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.

Related News