Accenture's Revenue Forecast Cut Sends Shockwaves Through IT Stocks; FIIs Invest ₹4,859 Crore as DIIs Turn Sellers - Paper by Pocketful

Jun 19, 2026

TruAlt Bioenergy (+0.55%): Shares gained after the company received approval for ₹150 crore financial assistance under the Government of India’s PM JI-VAN Yojana for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project, supporting the development of green fuel infrastructure.
HCL Technologies (-2.59%): Shares declined despite the company launching the AI Innovation Zone in Chennai, aimed at helping enterprises operationalise Intel-based AI products and HCLTech AI solutions for faster, cost-efficient AI deployment.
Wipro (-1.12%): Shares slipped after the company announced the acquisition of an additional 20% stake in Aggne Global IT Services. The deal, expected to close by June 30, 2026, will increase Wipro’s ownership in the insurance technology solutions provider.
Amber Enterprises India (-0.96%): Shares declined despite the company entering into a manufacturing collaboration with Oppo Mobiles India. Under the partnership, Amber will manufacture mobile phones for OPPO, OnePlus, and Realme brands, expanding its electronics manufacturing capabilities.

Healthcare | Nifty Healthcare (+0.74%): The index gained during the session, with market breadth remaining strong at 15 gainers and 5 losers. The rally was driven by broad-based buying in pharmaceutical and hospital stocks, supported by expectations of resilient earnings, rising healthcare demand, capacity expansion plans, and the sector’s defensive appeal amid market uncertainty.
Pharma | Nifty Pharma (+0.73%): The index advanced during the session, led by strong gains in Laurus Labs, Aurobindo Pharma, and Sun Pharma. Positive sentiment was driven by buying in pharmaceutical stocks amid expectations of robust export demand, improving earnings visibility, and continued growth in domestic healthcare spending.
IT | Nifty IT (-3.65%): The index plunged sharply and emerged as the worst-performing sectoral index of the day, led by heavy selling in Infosys, TCS, HCL Technologies and Tech Mahindra. Market breadth remained weak as investor sentiment turned negative after Accenture trimmed its revenue guidance, raising concerns over global IT spending and demand outlook.
Oil & Gas | Nifty Oil & Gas (-1.18%): The index extended its losing streak for the third consecutive session. Market breadth remained weak with 5 gainers and 9 losers, as investor sentiment stayed cautious amid concerns over volatile crude oil prices, margin pressures, and profit-booking in heavyweight energy stocks.

Technical Level: Nifty opened with a sharp gap-down and traded in a narrow range for most of the session. Despite a strong pullback in the final hour, the index closed in the red. Key support is placed near 23,900, while immediate resistance stands around 24,050.
Advance-Decline Ratio: Market breadth remained slightly positive as 1,760 stocks advanced against 1,522 declines, indicating selective buying despite the benchmark indices closing in negative territory.
The Big Picture: Global markets traded mixed as investors evaluated the durability of the U.S.-Iran peace agreement. Most Asian markets closed lower despite easing geopolitical concerns, while European markets remained cautious. U.S. markets were closed for the Juneteenth holiday, with investors continuing to monitor developments in the Middle East and the outlook for global interest rates.
FII/DII Activity (June 18, 2026): After many sessions of continuous buying, DIIs turned sellers today, selling equities worth ₹1,159 crore. Meanwhile, FIIs remained strong buyers, investing ₹4,859 crore in the market.

Prudence : Prudence means acting with wisdom, caution, and good judgment, especially when making important decisions. In investing, prudence helps investors manage risks, avoid impulsive actions, and focus on long-term goals rather than reacting emotionally to short-term market fluctuations.

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