IT shares fall as Accenture Plc cuts outlook, Infosys Ltd shares down 0.7%

Comments 0
SummaryInfosys Ltd falls 0.7 percent, Wipro is down 0.6 percent, while TCS Ltd, was down 0.1%.

Shares of technology companies fall after outsourcing and consulting services provider Accenture Plc cut its full-year outlook, citing a pullback in spending by its consulting business clients.

* Infosys Ltd falls 0.7 percent, Wipro is down 0.6 percent, while Tata Consultancy Services Ltd, which has its annual meet later in the day, was down 0.1 percent.

* The US Senate approved a landmark immigration bill on Thursday, which is seen by some investors as hurting Indian IT companies by proposing higher fees and wages for temporary US workers.

* The Indian rupee also gained on Friday breaching below 60 to the dollar.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...