Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5%

Indian IT stocks tumbled sharply after global consulting major Accenture trimmed its revenue guidance, dragging the Nifty IT index down 6.5 percent. Infosys was the top loser, falling 7.5 percent, while Mphasis, Tech Mahindra, Persistent Systems and TCS each declined over 6 percent. HCL Tech, Coforge and LTIMindtree also shed over 5 percent each, with all Nifty IT constituents trading in the red.