Indian software stocks tumbled on Friday as Accenture Plc warned of slower revenue growth, adding to concerns over a sector that has already lost nearly 30% of its market value this year. The selloff tracked a broader global slump in tech shares and signals weakening sentiment toward IT services demand and growth outlooks. The move is likely to pressure the sector in the near term, especially for Indian outsourcers tied to global enterprise spending.
Indian software stocks tumbled on Friday as Accenture Plc warned of slower revenue growth, adding to concerns over a sector that has already lost nearly 30% of its market value this year. The selloff tracked a broader global slump in tech shares and signals weakening sentiment toward IT services demand and growth outlooks. The move is likely to pressure the sector in the near term, especially for Indian outsourcers tied to global enterprise spending.
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strongly negative
Sentiment Score
-0.55
Ticker Sentiment
