Indian tech ADRs dropped due to Accenture's reduced revenue forecast; Nifty IT is under the spotlight

Accenture: Indian tech ADRs dropped due to Accenture’s reduced revenue forecast; Nifty IT is under the spotlight

Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…

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