{
  "id": 12142873,
  "title": "Accenture forecast lifts most IT stocks but near-term outlook remains hazy",
  "url": "https://urgent.news/2026/10/05/accenture-forecast-lifts-most-it-stocks-but-near-term-outlook-remains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T11:32:19.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/market/accenture-forecast-lifts-most-it-stocks-but-near-term-outlook-remains-hazy-10907638/"
  },
  "original_language": "en",
  "account": "On Monday, a number of Indian IT stocks experienced significant gains following Accenture's superior-than-anticipated revenue forecast for the year. Notable gains were observed in big players like Tata Consultancy Services Ltd (TCS) and Wipro Ltd, which rose up to 2%. Small companies such as Persistent Systems Ltd and Mphasis Ltd also saw a 3% increase. However, not all IT stocks performed equally well; Infosys Ltd and HCL Technologies Ltd were among those that dropped between 1-3%, with some even briefly turning into winners before swiftly turning into losers. This led to Nifty IT, which had initially gained nearly 1.6%, ending flat compared to the previous close. The benchmark Sensex gained 472.77 points or 0.7% to close at 72,382.47, while Nifty 50 added 0.6% to close at 22,555.75. A number of sectors like banking, financial services, and fast-moving consumer goods also witnessed robust buying, helping lift the indices. The market's recovery was credited to less robust-than-expected US jobs data and a decrease in crude oil prices, which provided some relief to investors assessing the near-term interest rate outlook. Accenture's earnings for the June-August quarter exceeded analysts' estimates, but the bigger talking point was the higher-than-expected guidance provided for FY27. Despite this, many IT companies are expected to see only a moderate improvement in the July-September quarter due to ongoing West Asia conflict weighing on client spending and decision-making.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}