# Indian tech stocks slammed 7% on Accenture's warning — buy the dip on Infosys and Wipro

_AI-generated trading idea · LONG · INFY, WIT_

> Canonical page: https://commonquant.ai/research/for-you/indian-tech-stocks-slammed-7-on-accenture-s-warning-buy-the--6ead7ad0-b12f-427e-9117-79d363c89581

Accenture, a massive global consulting firm, just warned that its revenue growth is slowing down. That spooked investors into selling off Indian tech consulting stocks like Infosys and Wipro by up to 7%.

## Idea

When a massive industry leader like Accenture warns about slowing growth, it often triggers a knee-jerk panic sell-off across the entire sector. Indian IT stocks dropped sharply, but these companies have strong balance sheets and often bounce back after the initial panic subsides. This creates a classic oversold bounce setup. We can look to buy these stocks at a discount while everyone else is rushing for the exits.

## Key details

- Symbols: INFY, WIT
- Timeframes: 1D
- Tags: \#oversold\_bounce, \#indian\_tech, \#mean\_reversion

## Community

- Upvotes: 13
- Views: 2
- Copies: 0
- Cosigns: 0

## News sources

- [Indian Software Stocks Tumble After Accenture Warns on Growth](https://www.bloomberg.com/news/articles/2026-06-19/indian-software-stocks-tumble-after-accenture-warns-on-growth) — Bloomberg
- [Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth](https://www.cnbc.com/2026/06/19/india-it-stocks-fall-accenture-cuts-revenue-forecast.html) — CNBC

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