Infosys, Wipro ADRs Crash Up to 10% Overnight as Accenture Falls 18% on Guidance Cut; Infosys Share Price Slides 5.8% on June 19
- June 19, 2026
- Posted by: Ankit Jaiswal
- Category: News
Infosys share price Rs 1,062.30 (-5.79%) on 19 Jun 2026. TCS -4.46% to Rs 2,105. HCL Tech -4.46% to Rs 1,110. Wipro -3.34% to Rs 176.76. Accenture fell 18% on FY26 guidance cut to 3-4%.
Infosys share price fell 5.79% to Rs 1,062.30 on 19 June 2026, leading a broad-based selloff in Nifty IT after Accenture crashed approximately 18% on Wall Street on 18 June, the consulting giant’s worst single-session decline in years, after it narrowed its full-year FY2026 revenue growth forecast to 3-4% in local currency from 3-5%, citing persistent weakness in its US federal government business. TCS and HCL Technologies fell approximately 4.46% each, Wipro shed 3.34%, and LTIMindtree also came under significant pressure, as Accenture’s guidance cut is widely treated as a demand bellwether for the global enterprise technology sector from which Indian IT companies derive 60-75% of their revenues.
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Infosys and Nifty IT Stocks on 19 June 2026
| IT Stock | Symbol | June 18 Close | 19 Jun Price | Change |
|---|---|---|---|---|
| Infosys | INFY | Rs 1,127.50 | Rs 1,062.30 | -5.79% |
| TCS | TCS | Rs 2,203.30 | Rs 2,105 | -4.46% |
| HCL Technologies | HCLTECH | Rs 1,161.80 | Rs 1,110 | -4.46% |
| Wipro | WIPRO | Rs 182.84 | Rs 176.76 | -3.34% |
| Accenture (NYSE: ACN) | ACN | $157+ (prev) | $128.46 | -18% (June 18 NYSE) |
| Q3 FY26 Revenue | — | $18.7B (+6% USD) | Beat estimates | EPS $3.80 (+9%), above $3.71 |
| FY26 Guidance (LC) | — | 3-5% (prior) | 3-4% (revised) | Cut on US federal weakness |
| New Bookings | — | $19.7B (year ago) | $19.3B | Declined YoY: deeper concern |
| Nifty IT Index | NIFTYIT | June 18 close | Falling ~3-5% | Set for deep cut on Accenture read-through |
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Why Infosys Share Price Fell Nearly 6% on June 19
Infosys share price Infosys share price fell 5.79% to Rs 1,062.30 because of a direct transmission from Accenture’s 18% overnight crash. When Accenture, which is the most comparable large-cap global IT services company to Infosys in terms of business model, reports and its guidance falls, the Indian IT sector reprices in sympathy. The market logic is straightforward: Accenture’s clients are largely the same set of US and European enterprises that also use Infosys, TCS and Wipro for technology services. A spending cut signal from Accenture’s bookings decline is taken as a forward warning for what Indian IT companies will report in their next quarterly commentary.
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The Accenture Guidance: What Changed and Why It Matters for Infosys
| Accenture Metric | Q3 FY2026 Actual | Previous Guidance / Year-Ago | Read-Through for Infosys |
|---|---|---|---|
| Revenue | $18.7B (+3% LC) | Expected near midpoint | Inline; IT demand holding but not accelerating |
| EPS | $3.80 (+9% YoY) | Consensus $3.71 | Beat; profitability discipline maintained |
| Full-Year Guidance | 3-4% LC growth | 3-5% LC growth (prior) | Negative; top end cut, US federal drags |
| New Bookings | $19.3 billion | $19.7B a year ago | Concerning; forward demand declining |
| FY26 M&A | $9B committed | $5B prior plan | Market questions returns vs services visibility |
1. New Bookings Decline: The Key Red Flag
Investors tracking Infosys share price and Accenture’s numbers should be most concerned about the new bookings decline from $19.7 billion to $19.3 billion year-on-year. Bookings are a 6-12 month leading indicator for IT revenues. Infosys share price has historically tracked closely with large deal wins and total contract value announcements. A declining bookings trend at Accenture, if it is broad-based across geographies and verticals rather than just US federal, suggests that Infosys may face similar deal pipeline headwinds in its Q1 FY27 results, due in July 2026.
2. The US Federal Angle: Mostly Accenture-Specific
Accenture cited US federal government business as the primary drag, with an estimated 1% revenue headwind for the full year. Indian IT companies, including Infosys and TCS, have significantly lower exposure to US government contracts compared to Accenture. This suggests the guidance cut is partly company-specific and may not fully translate to a proportional revenue cut for Indian IT peers. However, the market is pricing in a sector-wide re-rating today given the degree of Accenture’s stock decline.
3. AI Disruption: The Long-Term Structural Concern
Beyond near-term guidance, Morgan Stanley raised a structural question earlier in the week about whether Accenture’s $9 billion in cybersecurity product acquisitions can generate the recurring revenue visibility of traditional services contracts. For Infosys share price and the broader Indian IT sector, the structural question is whether AI reduces the labour-intensity of IT services over time, compressing the total addressable market. This narrative continues to keep a ceiling on Nifty IT valuations even when individual company deal pipelines appear healthy.
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Conclusion
Infosys share price fell 5.79% to Rs 1,062.30 on 19 June 2026 as the entire Nifty IT sector came under sharp selling pressure following Accenture’s 18% fall on Wall Street after the company narrowed its full-year FY2026 revenue guidance to 3-4% in local currency. TCS fell 4.46% to Rs 2,105, HCL Technologies fell 4.46% to Rs 1,110, and Wipro shed 3.34% to Rs 176.76. While Accenture’s federal business weakness is partly company-specific, the decline in new bookings is a broader demand signal that is weighing on Infosys share price and the entire sector. Consult a SEBI-registered financial advisor before making any investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Why is Infosys share price falling today on 19 June 2026?
Ans. Infosys share price fell 5.79% to Rs 1,062.30 on 19 June 2026 because Accenture fell approximately 18% on Wall Street on June 18 after narrowing its full-year FY2026 revenue growth guidance to 3-4% in local currency from 3-5% previously. Infosys ADR fell approximately 7% to $10.86 in overnight trading, which translated into a sharp opening decline in the NSE cash market. Accenture is viewed as a bellwether for enterprise IT spending, and a guidance cut from it creates negative sentiment across the Indian IT sector.
What were Infosys and Wipro ADR movements overnight?
Ans. Infosys ADR fell approximately 7% to $10.86 in overnight US trading following Accenture’s results. Wipro ADR fell approximately 8-10%. Cognizant Technology Solutions also fell more than 8% in premarket trading. In Europe, Capgemini extended losses by as much as 11% and Sopra Steria dropped up to 6%. The broad-based ADR decline across the global IT sector set the stage for the sharp selloff in Indian IT stocks when NSE markets opened on June 19.
What exactly did Accenture report that caused the 18% fall?
Ans. Accenture reported Q3 FY2026 revenue of $18.7 billion (up 6% in USD, 3% in local currency), with EPS of $3.80 per diluted share (up 9% year-on-year, above the $3.71 consensus). Despite beating estimates, the company narrowed its full-year guidance to 3-4% local currency growth (from 3-5%), citing approximately 1% headwind from US federal government business weakness. New bookings declined to $19.3 billion from $19.7 billion year-on-year. Accenture also announced $9 billion in cybersecurity acquisitions including Dragos ($4.2B), runZero and NetRise.
What is Infosys share price today on 19 June 2026?
Ans. Infosys share price (NSE: INFY) is Rs 1,062.30 on 19 June 2026, down approximately 5.79% from the June 18 close of Rs 1,127.50. This represents one of the sharpest single-day declines for Infosys in recent months and is a direct read-through from the Accenture guidance cut. Other IT stocks also fell sharply: TCS to Rs 2,105 (-4.46%), HCL Technologies to Rs 1,110 (-4.46%) and Wipro to Rs 176.76 (-3.34%).
Is the Accenture weakness specific to them or does it apply to Indian IT?
Ans. Accenture’s guidance cut is driven primarily by weakness in its US federal government business, which is more Accenture-specific as Indian IT companies have proportionally lower exposure to US federal contracts. However, Accenture’s new bookings decline from $19.7 billion to $19.3 billion year-on-year is a more worrying broad signal. Accenture is one of the most global and diversified IT services companies, and when its bookings fall, it typically reflects a softening in overall enterprise technology spending, which does affect Infosys, TCS, Wipro and HCL Tech in their private-sector client portfolios.
How much has Nifty IT fallen and what are the key stocks to watch?
Ans. Nifty IT is expected to fall approximately 3-5% on 19 June 2026 based on intraday movements. Key Nifty IT stocks and their June 19 declines: Infosys (NSE: INFY) fell approximately 5.79% to Rs 1,062.30, TCS fell approximately 4.46% to Rs 2,105, HCL Technologies fell approximately 4.46% to Rs 1,110, and Wipro fell approximately 3.34% to Rs 176.76. LTIMindtree, Persistent Systems and Mphasis are also expected to see sympathy declines given their US revenue exposure.
What brokerage actions followed Accenture’s fall?
Ans. Following Accenture’s 18% fall, multiple brokerage houses took action. Truist downgraded Accenture to Hold and cut its price target to $210 from $269. Citi reduced its target to $195 from $215 while maintaining a neutral view. Morgan Stanley had cut its rating and price target earlier in the week, citing concerns about whether Accenture’s $9 billion in cybersecurity and technology product acquisitions can generate the revenue visibility that traditional IT services contracts once provided. These actions are expected to trigger re-rating discussions for Indian IT stocks as well.
Should investors buy Infosys and other IT stocks on today’s fall?
Ans. Whether to buy Infosys share price and other IT stocks on today’s 5-6% dip depends on the investor’s view of the structural outlook. Infosys had raised its FY27 revenue guidance earlier in 2026, suggesting some divergence from Accenture’s federal business challenges. However, the decline in Accenture’s new bookings is a broader demand concern. Long-term investors who believe AI will structurally increase IT spending may find today’s fall an entry opportunity. Short-term traders should be cautious given the momentum of the selloff. Consult a SEBI-registered financial advisor before investing.
