Infosys ADR Drops 9.7% to $10.56 as Accenture Guidance Cut Triggers Global IT Sell-Off

The Quick Take

• Infosys ADR closed at $10.56, down 9.71% after falling more than 10% intraday on Accenture's guidance cut
• Wipro ADR declined by a similar magnitude as all major Indian IT ADRs were sold aggressively
• The Nifty IT index plunged over 6% making it the worst-performing sectoral index in the Indian market

Infosys American Depositary Receipts closed at $10.56, down 9.71% after falling more than 10% during the trading session, as Accenture's sharply lower FY27 revenue guidance triggered an aggressive repricing of Indian IT stocks by US institutional investors. The sell-off was broad-based across all Nifty IT constituents, with Wipro ADRs declining by a comparable magnitude. Accenture's guidance cut specifically cited slowing discretionary IT spending and weaker bookings as the primary drivers, a pattern that directly overlaps with the revenue streams that Infosys, TCS, and Wipro depend upon for their growth trajectories.

The Nifty IT index plunged over 6% to a three-year low, becoming the worst-performing sectoral index in the Indian equity market. Infosys was the top laggard, dragging the broader sectoral benchmark below key technical support levels that had previously held through multiple broader market corrections. The ADR channel is particularly meaningful here because US institutional investors typically reprice Indian IT stocks at the open of the US session following an overnight Accenture earnings release — the magnitude of the ADR decline is a real-time signal of how deeply the US buy side has revised its Indian IT earnings models downward.

Watch Infosys's Q1 FY2027 results in July for the first company-reported data following the Accenture shock, including management guidance on deal pipeline, large deal wins, and the AI services revenue contribution. US enterprise IT spending surveys for Q2 2026 will provide a macro-level read on whether Accenture's cautious view is industry-wide or company-specific. The macro variable governing recovery in Infosys and Nifty IT is a resumption of US enterprise technology capex — any signal from major US corporations of restarted discretionary tech spending would rapidly reverse the current sell-off momentum.

Synthesized from 3 sources.