Indian IT Stocks Soar on Accenture's Strong Q1 Results, Despite Unchanged Guidance

• Indian IT stocks like Infosys, TCS, Wipro, and Persistent Systems rose after Accenture reported better-than-expected Q1 results.
• Accenture's Q1 revenue grew 5%, surpassing expectations, but full-year revenue growth guidance remained unchanged at 2-5%.
• GenAI continued strong traction for Accenture, contributing 11% to new bookings and 6% to the overall topline.
• Accenture will discontinue reporting AI as a separate metric, as it is now integrated across nearly all client engagements.
• Motilal Oswal anticipates AI services demand to improve from mid-2026; Nifty IT index shows a significant rebound.

Why It Matters: Indian IT stocks gained following Accenture's strong Q1, despite unchanged guidance and macro concerns.