New Delhi, July 8 -- When Accenture shared a disappointing metric in its recent quarterly earnings, stocks of information technology (IT) services companies in India felt the impact. The Dublin-headquartered tech and consulting major with global operations reported a 6% year-on-year decline in new bookings for its third quarter (March-May 2025) of the fiscal year ended 31 August.

Its shares dropped 7% on 20 June on the New York Stock Exchange. When Indian markets opened on 23 June, the market reacted sharply: the Nifty IT index fell 1.8% intraday, with Infosys, HCL Technologies, TCS and Wipro falling between 1.1% and 2.5%.







The reaction reflected more than just short-term sentiment. Accenture is widely seen as a bellwether for Indi...