India IT stocks rise on Accenture forecast
Indian IT stocks gained after Accenture forecast strong annual revenue growth. The results eased concerns over artificial intelligence disruption, lifting major firms like Wipro and Tata Consultancy.
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India's Nifty IT Index rose 1.6% on Monday morning after ACCENTURE PLC-CL A forecast stronger annual revenue growth. The rally eased investor concerns that artificial intelligence automation would dampen technology spending. The sector remains down 24.5% year-to-date.
