Indian Software Stocks Tumble After Accenture Warns on Growth

Shares of Indian software firms tumbled on Friday, joining a global selloff in tech stocks after Accenture Plc forecast slower revenue growth, deepening concerns over a sector that has shed nearly 30% of its market value this year. The decline reflects growing unease about demand for IT services amid global economic headwinds. Accenture's cautionary outlook prompted investors to reassess valuations across the industry, hitting companies that rely heavily on outsourcing contracts with major Western clients. Analysts noted that Indian software firms, which had already trimmed roughly a third of their market capitalization in 2026, now face additional pressure as corporate clients tighten budgets on technology spending. Market participants are closely watching the upcoming quarterly earnings reports from major Indian IT exporters for further signs of softening demand.