TCS, Wipro, Infosys, HCL, Tech Mahindra shares: Accenture Q4 strong show impact on Indian IT stocks decoded by experts
AI Summary
Accenture's strong Q4 results and optimistic revenue growth guidance for FY27 provide a glimmer of hope for the beleaguered Indian IT sector, which has faced significant headwinds this year. While the initial market reaction was positive, the subsequent profit booking indicates that investors remain cautious, particularly regarding the uneven recovery across different companies and the impact of AI on traditional IT services. Retail investors should monitor upcoming earnings reports closely for signs of deal conversion and margin resilience before making significant investments in this sector.
Most IT stocks, including TCS, Wipro, Infosys, HCL Technologies, and Tech Mahindra witnessed healthy buying interest in morning deals on Monday, 5 October, boosted by strong Q4 results from global consulting and IT services major Accenture.
The Nifty IT index jumped 1.6% during the session, before succumbing to profit booking and slipping into the negative territory. On 1 October, after Accenture's earnings, the index closed 2.17% higher.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 05 October 2026.
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