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RR Kabel shares surged to a new 52-week high of ₹2,365 as investors cheered strong earnings growth, improving margins, robust demand in the cables and wires segment, and positive brokerage commentary. The stock has significantly outperformed broader market indices over the past year.

Indian IT stocks tumbled up to 8% after Accenture cut the upper end of its FY26 revenue growth guidance, signaling continued caution in enterprise technology spending. While AI, cloud, and cybersecurity investments remain strong, weakness in discretionary spending, slower deal conversions, and pressure on managed services bookings have raised concerns about near-term growth for Indian IT companies such as Infosys, TCS, Wipro, HCLTech, Tech Mahindra, LTIMindtree, and Persistent Systems.

Indian benchmark indices snapped a five-session winning streak on June 19, 2026, with Nifty closing at 24,013 and Sensex falling 607 points. Weak guidance from Accenture sparked a broad IT sector sell-off, while profit booking and renewed FII selling further weighed on sentiment. Pharma and Defence stocks provided some support amid the broader market weakness.

Vedanta Group's newly listed demerged entities bucked the broader market weakness, with Vedanta Iron and Steel emerging as the biggest winner after gaining 28% in just five sessions. The rally reflects growing investor confidence in the value-unlocking potential of Vedanta's landmark demerger, as the market begins assigning independent valuations to its aluminium, iron and steel, power, and oil and gas businesses.

Asian markets closed mixed as China and Hong Kong declined on weak macro data and Fed concerns, while Japan and South Korea rallied to fresh records on AI and semiconductor momentum. India’s Nifty snapped a five-day winning streak as IT stocks fell sharply after Accenture’s weak guidance, with broader pressure from FII outflows and profit booking.

Asian markets witnessed varied performance amid optimism surrounding easing geopolitical tensions, resilient economic data, and strength in technology stocks. Japan’s Nikkei extended its record-breaking rally, while investors monitored global trade developments, central bank commentary, and sector-specific opportunities across the region.

Indian IT stocks witnessed heavy selling pressure after Accenture trimmed its FY27 revenue growth forecast, triggering concerns over global technology spending. Nifty IT plunged more than 6%, while Infosys, TCS, HCL Tech, Tech Mahindra, LTIMindtree, Persistent Systems, and Mphasis fell sharply. Despite strong quarterly results, Accenture's subdued outlook and concerns around discretionary IT spending weighed heavily on investor sentiment.

Indian benchmark indices ended higher for the fifth consecutive session as lower crude oil prices, easing geopolitical tensions, and optimism surrounding the India-UK Free Trade Agreement supported investor sentiment. Banking, realty, cement, and pharma stocks drove the rally, while IT stocks remained under pressure following hawkish US Federal Reserve commentary.

Paras Defence and Space Technologies shares rallied more than 7% to a fresh 52-week high, significantly outperforming the broader market. The surge comes amid record Indian defence production of ₹1.78 lakh crore, growing optimism around a proposed ₹30,000 crore drone procurement programme, and strong technical indicators pointing to continued momentum. While defence sector tailwinds remain supportive, investors are also watching for signs of consolidation after the stock's stellar rally of more than 100% in 2026.

Infosys plunged to a new 52-week low of ₹1,030 amid a broad IT sector correction sparked by Accenture's weaker revenue outlook. The stock has significantly underperformed benchmark indices due to concerns around slowing global IT spending, AI-driven industry disruption, geopolitical risks, and weakening demand visibility. Heavy selling pressure erased nearly ₹40,000 crore in market value as investors reassessed growth prospects for the sector.