TCS, Infosys, Wipro, other IT stocks in focus as Accenture lowers FY26 guidance; ADRs crash up to 10%

Accenture's lowered FY26 revenue guidance and softer outlook on discretionary IT spending triggered a global sell-off in IT stocks, dragging Indian IT ADRs sharply. Infosys ADR fell 10% and Wipro ADR declined nearly 4% in US trade. The development raises concerns for TCS, Infosys, Wipro and peers amid weak enterprise tech demand, even as AI and cloud investments continue.