Infosys ADR, Wipro ADR slip up to 10% after Accenture cuts growth guidance

Infosys ADR fell 9.71 percent to close at $10.56, while Wipro ADR dropped 3.63 percent to $2.39 on NYSE after Accenture cut its growth guidance. The sharp decline in Indian IT major ADRs follows Accenture's weaker-than-expected outlook, raising concerns about demand softness across the global IT services sector.