Infosys, Wipro ADRs jump up to 10% after Accenture Q4 results beat Wall Street estimates
AI Summary
The positive momentum from Accenture's strong quarterly performance signals a potential rebound for Indian IT stocks like Infosys and Wipro, which have faced significant pressure recently. As these companies prepare for their upcoming earnings reports, improved sentiment in the sector could lead to a more favorable outlook for investors, particularly if they can capitalize on the trends highlighted by Accenture's success in consulting and technology services. Retail investors should closely monitor these developments as they may indicate a broader recovery in the IT sector amidst ongoing macroeconomic challenges.
The stronger-than-expected performance by global consulting giant Accenture in the fiscal fourth quarter boosted the American Depositary Receipts (ADRs) of Infosys and Wipro, as both recovered sharply from their recent losses.
In pre-market trade on Thursday, 1 October, Infosys ADRs jumped 8% to $11.60, while Wipro ADRs rose 10% to $1.82 on the NYSE. The gains came after both IT companies had been reeling under sustained pressure, falling to levels not seen in the past six years amid multiple challenges.
Original Article
Published on Livemint
Frequently Asked Questions
What is this article about?
This is a market news update from Livemint, published on 01 October 2026.
Is this news positive or negative for markets?
TopFund's automated sentiment analysis reads this article as neutral in tone, based on the language used in the report. This is a general signal, not investment advice.
Where can I read the full article?
The full article is available at the original source, Livemint — see the "Read Original Article" link on this page.