Headline: Indian Shares Slump as IT Stocks Dive on Accenture's Weak Guidance

Indian benchmark indices fell on June 19, 2026, with technology stocks leading the decline after Accenture (ACN) issued weaker-than-expected fourth-quarter revenue guidance. The Nifty 50 index dropped 0.8%, while the S&P BSE Sensex declined 0.7% by 05:00 UTC. The Nifty IT index plunged 3.6%, reflecting investor concerns over a slowdown in client spending, particularly in North America. Accenture's shares fell 8.3% on June 18, 2026, after projecting Q4 revenue between $16.05 billion and $16.65 billion, significantly below analysts' consensus of $17.29 billion. Major Indian IT firms saw significant losses, with Infosys (INFY) down 2.8%, Tata Consultancy Services (TCS) down 2.6%, and Wipro (WIPRO) falling 3.4%. Other firms like HCLTech (HCLTECH) dropped 3.8%, LTIMindtree (LTIM) 4.2%, and Persistent Systems (PERSISTENT) 5.6%, signaling broader industry headwinds.