Indian IT stocks drop after Accenture's quarterly results signal 'patchy' demand recovery
** India's Nifty IT index .NIFTYIT was down 1.3%, with all 10 stocks on the index trading in the red
** U.S. tech company Accenture ACN.N beat fourth-quarter revenue estimates, but analysts say dicretionary demand remains unchanged
** Analysts at Macquarie say the common takeaway is that "demand recovery is patchy as of now"
** Heavyweights Infosys INFY.NS and TCS TCS.NS decline 1.7% and 1%, respectively
** LTIMindtree LTIM.NS was the top percentage loser, down 2%
** The muted growth guidance poses downside risks to consensus expectations of acceleration in growth in FY27 for Indian IT firms, Jefferies says
** Goldman Sachs says FY26 revenue growth expectations remain unchanged
** Adds that FY27 rev growth estimate for Indian IT firms could be at risk if discretionary demand shows no signs of improvement this year
** NIFTYIT down ~21% so far in 2025 vs a ~5% rise in Nifty 50 index .NSEI
Related Articles
An Overview of U.S. Government Shutdowns: Causes and Consequences
TradingKey - A government shutdown is a uniquely American political event. After former President Donald Trump orchestrated the longest and most costly government shutdown in history during his first term, the risk of another shutdown has resurfaced at the start of his second term.
Alibaba – the Poster child of the Chinese AI Revolution
TradingKey - In the beginning of the year, Alibaba ADR at the New York Stock Exchange was traded at $84.95. AS of September 25th, the price is already $176.44, or more than double – a remarkable rally that doubled the price within less than ten months.
Carnival’s Q3 2025 Earnings Preview: Can Strong Demand and Celebration Key Drive Valuation Higher?
TradingKey - Fueled by robust consumer demand for cruise travel, Carnival has hit all-time highs in several key metrics, including revenue, yield, and customer deposits. Its stock has performed strongly in 2025, with a year-to-date gain exceeding 20% and a nearly 70% increase over the past 12 months
U.S. August PCE Preview: Four-Run PCE Bounce Challenges the Fed’s Three-Cut Plan
TradingKey - The U.S. Bureau of Economic Analysis (BEA) will release the August Personal Consumption Expenditures (PCE) Price Index on Friday, September 26, with markets closely watching how much tariff pass-through effects have influenced inflation.
U.S. August PCE: Inflation Remains the Market's Greatest Risk
Our baseline forecast anticipates sustained asset price increases. However, if inflation surpasses market expectations in the coming months, it could hinder further rate cuts and pose the greatest risk to financial markets.
