IT shares fall as Accenture Plc cuts outlook,Infosys Ltd shares down 0.7%https://indianexpress.com/article/news-archive/web/it-shares-fall-as-accenture-plc-cuts-outlook-infosys-ltd-shares-down-0-7/

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

Infosys Ltd falls 0.7 percent,Wipro is down 0.6 percent,while TCS Ltd,was down 0.1%.

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.