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

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Equity Alert: Indices may open lower tracking mixed cues from Asian mkts

 

MUMBAI--0837 IST--Benchmark equity indices may open lower Friday, tracking mixed cues from Asian markets. Domestic information technology stocks are seen leading the losses Friday, after IT bellwether Accenture scaled down its sales growth guidance for the financial year 2025-26 (Sept-Aug) and its management commentary signalled near-term growth pressure amid a challenging macroeconomic backdrop.

 

Overnight, the American Depository Receipts of domestic IT majors Infosys and Wipro ended nearly 10% and 4% lower after Accenture's May quarter results. Accenture now expects its revenue for the full financial year to grow 4–5%, compared to the earlier 4-6% guidance, excluding an estimated 1% impact from US federal business. "ACN's (Accenture's) commentary suggests that AI (artificial intelligence) is becoming increasingly meaningful demand driver; however, it remains insufficient to offset near-term weakness from discretionary spending pressures, elongated deal cycles and delayed large-program conversions. Therefore, we continue to expect a gradual recovery trajectory for Indian IT rather than a broad-based acceleration in FY27," Choice Institutional Equities said in a report. 

 

Major equity indices in Asia Pacific traded on a mixed note early Friday, Japan's Nikkei 225 Day and South Korea's KOSPI hitting record highs, while Singapore's FTSE Singapore Strait Times and Australia's S P/ ASX 200 Index were down 0.4-1.1%. Crude oil prices continued to fall Friday, with the August futures contract of Brent Crude hovering around $79 per barrel in early trade. Following the signing of a memorandum of understanding between the US and Iran, US forces lifted the naval blockade against Iranian ports and coastlines, the US Central Command said in a 'X' post.

 

Investors now assess the durability of the US-Iran interim agreement after US Vice President J.D. Vance said any economic relief for Tehran would depend on the country meeting its obligations under the deal."The United States isn't giving up a cent of money to Iran," Vance said. "The only way the Iranians get any of these resources ... is if they comply fully" with the terms of the deal, CNBC reported. Meanwhile, Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, late Thursday said that he had approved the interim peace agreement despite having a "different view", elaborating no further, Al Jazeera reported.

 

The Gift Nifty indicates a negative start for the domestic market. At 0827 IST, the June futures contract of Gift Nifty was at 24004.50, around 164 points below from Nifty 50's previous close. The Nifty 50 has scaled up to nearly 24200 spot levels following its breakout from the price resistance of 24050 spot levels. "Going ahead, we reiterate our 'buy on dips' trading approach as long as the index remains above the 23750–23800 spot levels on a closing basis—which also serves as the gap and 2-month EMA confluence zone," Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. "A sustained trade below the 23750 spot level might drag it towards 23600–23500 spot levels in the near term," he added. (Arya S. Biju)

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Equity Alert: Asian mkts mixed as investors assess viability of US-Iran deal

 

MUMBAI--0815 IST--Major stock indices in Asia were mixed in early trade on Friday as investors assessed the viability of the peace deal between the US and Iran. While select indices tracked gains in their US peers, others were muted. Crude oil futures remained below $80 per barrel on Friday as the first ships sailed through the key Strait of Hormuz, which had effectively been shut since the start of the US-Iran war.

 

South Korea's Kospi hit a new record high of 9384.22 and led the gains in the region. The index was up over 2%, led by a rally in the stocks of chipmakers after their peers in the US soared on Thursday following the announcement of a partnership between Intel and Apple. Kospi heavyweights SK Hynix and Samsung Electronics hit record highs early in the session, Dow Jones Newswires reported. While SK Hynix gained over 6%, its peer Samsung Electronics was up nearly 2%. 

 

Comments by US Vice-President J.D. Vance tempered some of the optimism that followed the declaration of the interim peace deal between Washington and Tehran. Vance said that any economic relief to Iran would depend on Tehran complying fully with the terms of the deal. The interim agreement between the two parties extends the ceasefire first announced in April by 60 days. 

 

Australia's S P/ASX 200 shed 1% and led the losses among indices that lagged in the region. The index was lower for the second session in a row. Markets in China, Hong Kong and Taiwan are closed for a holiday. All three indices ended lower on Thursday.

 

Following are the levels of key indices in the region at 0813 IST:

 

Index	Level	Change in %
Nikkei 225 Day	71314.67	0.37
TOPIX FIRST SECTION	4053.07	(-)0.37
KOSPI	9236.36	1.9
FTSE Singapore Strait Times	5194.27	(-)0.36

 

(Shruti Nair)

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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)

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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.

 

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