News Desk - India’s Nifty IT index has slipped to a three-year low after Accenture issued a weaker-than-expected outlook, adding fresh pressure on a sector already struggling with concerns over slowing demand. The sell-off has drawn attention because Accenture is widely seen as a bellwether for the Indian IT industry, so its guidance often shapes sentiment across the entire sector.

Accenture cut the upper end of its annual revenue forecast and posted quarterly sales guidance below Wall Street expectations, which signaled that demand remains soft in key markets. Indian IT stocks had already been under strain in recent weeks, with the Nifty IT index repeatedly moving toward its weakest levels since 2023. Analysts say the weakness reflects cautious client spending, slower decision-making on new projects, and worries that AI-driven automation could reduce demand for traditional IT services.

The decline hit major IT names such as Infosys, TCS and Wipro, which dragged the sector lower than the broader market. Investors are watching closely because Accenture’s performance often gives an early signal about global outsourcing and consulting demand, especially for Indian firms that depend heavily on overseas clients.

For now, the market is signaling caution rather than confidence, and Accenture’s weak outlook has reinforced concerns that the sector may stay under pressure. Unless demand improves, Indian IT stocks could continue to hover near these lower levels and remain volatile in the near term.