Indian IT stocks witnessed a sharp selloff on Friday morning after global consulting and technology giant Accenture issued a cautious outlook, triggering fears that demand across the technology services sector remains weaker than expected.
Infosys has reduced its March quarter performance bonus payout to around 70%, down from 85% in the previous quarter, according to reports. The cut comes amid growing AI-related pressure on the IT sector, even as the company reported strong Q4 FY26 profit and improved operating margins.
