Indian IT stocks fall as much as 7% after Accenture cuts outlook
What's new: The Nifty IT Index slid more than 5%, with Infosys down over 7% and TCS off more than 5%.
What's new: The Nifty IT Index slid more than 5%, with Infosys down over 7% and TCS off more than 5%.
Why it matters: TCS employs about 600,000 people, making any hiring slowdown or cuts a major test for India’s IT services model.