More Stories

Informist, Friday, Jun. 19, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Infosys, Wipro ADRs slump on Accenture's weak sales, guidance

 

MUMBAI--0735 IST--The American Depository Receipts of domestic information technology majors Infosys and Wipro ended sharply lower after IT bellwether Accenture scaled down its sales growth guidance for the financial year 2025-26 (Sept-Aug) to 3-4% from 3-5%. Investors in Indian information technology services companies look towards Accenture's earnings as it gives them an idea of the demand and discretionary spending environment in the US.

 

Accenture Thursday reported a revenue of $18.72 billion for the May quarter, up 6% on year in dollar terms and 3% in local currency. Its May quarter revenue was slightly lower than analysts' projection, according to data by FactSet. Excluding an estimated 1% impact from US federal business, Accenture now expects its revenue for the full financial year to grow 4–5%, compared to the earlier 4-6% guidance. The New York Stock Exchange-listed company's financial year runs from Sept. 1 through Aug. 31.

 

Weak May quarter results sparked a sell-off in Accenture's shares, which ended nearly 18% lower at $127.98 per share on the New York Stock Exchange. This was the sharpest single-day decline in the company's shares. The fall sent shockwaves through the American Depository Receipts of Infosys and Wipro. Infosys' American Depository Receipts ended nearly 10% lower at $10.57 per share and those of Wipro ended nearly 4% lower at $2.39 per share.  

 

The company's management said Accenture would continue to see the indirect impact of the West Asia war on its revenues in the ongoing Jun-Aug quarter after the military conflict resulted in a $100-million hit on the company's top line in Mar-May. It also said revenue growth from existing customers has been stagnant. "Although customers are spending into AI (artificial intelligence), but the overall spend hasn't really increased. That's why we are moving deeper into cybersecurity platform business and mid-market to capture larger total addressable market," the management said. The company will buy majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion.  (Eshitva Prakash)

---

Equity Alert: US indices end higher Thu led by gains in chip stocks

 

MUMBAI--0730 IST--US stock indices ended higher on Thursday, recovering from a sell-off seen in the previous session after the US Federal Reserve hinted at the possibility of rate hikes this year. All three major indices in the US ended higher, led by gains in semiconductor companies. The interim peace deal between the US and Iran also buoyed investor sentiment.

 

Of the three indices, the Nasdaq Composite saw the highest gains, ending nearly 2% higher and the Philadelphia Semiconductor index outperformed sectoral indices in the region and ended over 6% higher. This was after US President Donald Trump said Intel and Apple would collaborate to manufacture and design chips in the US. Shares of Intel ended the session nearly 13% higher, while those of Apple closed nearly 1% higher. Peer semiconductor names such as Nvidia and Micron Technology also ended higher, up nearly 3% and 9%, respectively. 

 

According to a report by Reuters, the first ships have started to sail through the Strait of Hormuz following the interim agreement signed between the US and Iran, which extends the ceasefire announced in April by another 60 days to allow the two parties to arrive at a final deal. Earlier in Thursday's session, oil prices had slid to their lowest level in three months. The surge in oil prices since the start of the West Asia conflict had stoked inflationary concerns among investors.

 

Further, commentary by Fed Chair Kevin Warsh after Wednesday's policy announcement also underscored policymakers' intention to curb inflation and hinted at rate hikes in the year. "Markets got spooked by Warsh yesterday essentially promising to contain inflation," Tony Welch, chief investment officer at SignatureFD told Reuters. However, Welch also highlighted easing oil prices and recent strength in earnings and economic data. "All together, the package of data is still supportive whether or not the Fed has become a little bit more hawkish."

 

On Friday, the market will be closed in observance of the Juneteenth holiday that commemorates the end of slavery in the US.

 

Following were the closing levels of major US indices on Thursday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51564.7	0.14
NASDAQ Composite	26517.93	1.91
S&P 500	7500.58	1.08

 

(Shruti Nair)

 

US$1 = INR 94.33

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.