IT shares fall as Accenture Plc cuts outlook,Infosys Ltd shares down 0.7

Shares of technology companies fall after outsourcing and consulting services provider Accenture Plc cut its full-year outlook,citing a pullback in spending by its consulting business clients.

Infosys Ltd falls 0.7 percent,Wipro is down 0.6 percent,while Tata Consultancy Services Ltd,which has its annual meet later in the day,was down 0.1 percent.

The US Senate approved a landmark immigration bill on Thursday,which is seen by some investors as hurting Indian IT companies by proposing higher fees and wages for temporary US workers.

The Indian rupee also gained on Friday breaching below 60 to the dollar.