TCS, Infosys, Wipro Slump as Nifty IT Sheds ₹1.8 lakh Crore in 6 days after Accenture Results, H-1B Fee Hike

Indian IT stocks have faced heavy selling pressure, with TCS, Infosys, Wipro, HCLTech, and others recording losses for 6 consecutive sessions. The sharp fall came after Accenture’s quarterly results and the recent US H-1B visa fee hike, which together dampened investor sentiment.

Market Impact

• The Nifty IT index dropped 7.4% in 6 days.
• IT constituents together lost about ₹1.8 lakh crore in market capitalisation.
• Wipro was the top intraday loser, falling 2%, while Infosys, HCLTech, Tech Mahindra, and Coforge also fell over 1%.
• Over a week, Coforge plunged 12.6%, Mphasis 9.75%, while Persistent Systems, Tech Mahindra, TCS, and Wipro fell over 7%.

Why IT Stocks Fell

1. Accenture posted 1.5% revenue growth in Q4. For FY26, it guided 0.5–3.5% organic growth, slightly higher than last year but signalling a muted demand environment.

2. The Trump administration imposed a $100,000 one-time fee on new H-1B visa petitions, aimed at protecting US jobs. 

Also Read: Dividends, Stock Splits & Bonus Issues This Week (Sep 22–26)!

Conclusion

The recent slump in Indian IT stocks highlights short-term challenges from global demand softness and higher visa costs. 

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