Muted Q1 Earnings:
- TCS, Infosys, and HCL Tech posted subdued revenue growth, with TCS reporting just 1.3% YoY growth and a 3.1% decline in constant currency terms.
- Despite profit beats, topline weakness and cautious client spending have disappointed investors.
- Weak Guidance & Global Headwinds:
Accenture’s trimmed revenue forecast triggered a global sell-off in IT stocks, including Indian majors3. - Concerns over sluggish U.S. federal contracts and geopolitical tensions (e.g., Trump’s tariff announcements) have added to uncertainty2.
- Accenture’s trimmed revenue forecast triggered a global sell-off in IT stocks, including Indian majors3.
- Concerns over sluggish U.S. federal contracts and geopolitical tensions (e.g., Trump’s tariff announcements) have added to uncertainty2.
FII Selling & Risk-Off Sentiment
Foreign investors are pulling out of Indian equities, especially large-cap IT, amid global risk aversion and better opportunities elsewhere.
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