IT nightmare on loop, Accenture's 20% fall highlights AI disruption

Indian IT stocks fell sharply on Friday after global IT major Accenture reported weak revenue and order forecasts, dragging the Nifty IT index down over 6 percent. Heavyweights Infosys and TCS saw substantial losses as concerns over AI-driven disruption and uncertain future growth weighed on sentiment. Analysts noted that valuations have become attractive but advised caution given the lack of earnings visibility.