Shares of Infosys Ltd. fell as much as 8% on Friday, June 19, extending losses triggered by a steep selloff in its US-listed American Depository Receipts (ADRs), which dropped 10% overnight on Wall Street.
The decline marks one of the sharpest single-day falls for Infosys since February 2026 and follows a highly volatile trading pattern in recent sessions, where the stock alternated between short-lived recovery rallies and sustained declines.
The broader trigger came from weaker-than-expected results from US consulting giant Accenture, which reported quarterly earnings that missed market expectations and trimmed the upper end of its full-year revenue growth guidance. Accenture’s results sparked a sharp 18% drop in its shares, the steepest single-day fall in its history.
The fallout spread quickly across global IT services companies, with Cognizant falling 11% and Capgemini sliding nearly 9% in overnight trade. Infosys ADRs followed suit, dropping around 10%, while peer Wipro also declined as much as 8% before recovering some losses to close lower.
Accenture also reported a 2% decline in new bookings during the quarter and lowered its revenue outlook for the year to 3%–4% growth, down from a previous range of 3%–5%. Excluding its US federal business impact, expected growth was also revised downward. The company additionally cited disruption from geopolitical tensions, estimating a combined revenue and sales hit of roughly $500 million.
For Infosys, the selloff adds pressure to an already weak year. The stock is now down about 31% year-to-date and has fallen roughly 35% from its 52-week high of ₹1,728, pushing its market capitalization below ₹5 lakh crore.
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