Accenture forecast lifts Indian IT stocks, Nifty IT index
India's Nifty IT Index advanced 1.5% after Accenture forecast stronger-than-expected annual revenue growth, boosting sector sentiment and easing concerns about AI's impact on tech spending.
5% on Monday after IT services group Accenture NYSE:ACN projected stronger-than-expected annual revenue growth, improving sentiment across the sector and easing concerns that AI-driven disruption could pressure technology spending.