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Indian IT stocks rally as Accenture’s strong Q2 earnings and raised growth guidance boost investor sentiment across Infosys, TCS and peers.
Indian IT stocks like Infosys, Tata Consultancy Services (TCS), and Coforge rose on Friday as strong Q2 earnings from Accenture boosted investor sentiment. The Nifty IT index rose more than 2% with positive global and domestic market sentiments.
Shares in major IT companies like Infosys, TCS, Tech Mahindra, HCL Technologies, Persistent Systems, and Mphasis rose by 1% to 4%, while Oracle Financial Services Software rose by 5%.
The broader market also supported the rally in IT stocks as the benchmark indices rose by more than 1%. Accenture reported a 4% year-over-year growth in its revenues to $18 billion and increased its full-year growth forecast. This reflects a strong demand scenario for its consulting and managed services.
Accenture’s Q2 earnings are a “modest positive for Indian IT companies, particularly in light of the resilience in managed services and improving booking growth,” said a market expert. “The demand scenario in BFSI and global markets is supportive.”
This comes at a time when the Indian IT industry is grappling with various macro-economic factors, as well as the increasing trend of generative AI. Although consulting services are not growing, there is a focus on AI-driven efficiency and digital transformation. Other trends such as Indian IT sector outlook 2026 growth trends, Accenture earnings impact on IT stocks, and analysis of the Nifty IT index are gaining traction. Business Honor believes that strong global IT spends, combined with Accenture’s positive results, are helping to boost Indian IT stocks even as the near-term growth outlook remains uncertain.
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