India's Nifty IT index at three-year low as bellwether Accenture flags weak outlook
Israel
BENGALURU, June 19 : India's Nifty IT index fell to a three-year low on Friday after bellwether Accenture forecast quarterly sales below Wall Street view, cut its annual revenue outlook and reported softer bookings in its managed services business. Shares of Indian IT companies, including TCS, Infosys, and HCLTech fell 4 per cent to 8 per cent after Accenture flagged deal delays and a $400 million hit to its Middle East business from the Iran conflict. India's $315 billion IT sector faces
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