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Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex open in the green, IT stocks extend gains on Accenture earnings

 The Indian stock market is off to a great start today, with the Sensex and Nifty 50 opening in the green. This positive trend is largely driven by the IT sector, which is extending its gains following Accenture's impressive Q1 earnings. Accenture's revenue growth was fueled by increased demand for AI-powered services, and this has boosted investor confidence in Indian IT companies like Infosys, TCS, HCL Tech, and Wipro ¹.


In fact, Infosys and Wipro's ADRs jumped nearly 3% after Accenture's strong Q1 earnings beat, indicating a positive sentiment in the market. The IT sector's growth is expected to continue, with Accenture raising its FY25 revenue growth guidance to 4-7% YoY, which includes around 3% from acquisitions ¹.


Here are some key highlights from the market today:

- *Top Gainers*: Kfin Technologies, Chennai Petroleum Corporation, IPCA Laboratories, and Mtar Technologies are among the top gainers, with their share prices rising by 7.64%, 5.47%, 5.23%, and 4.5% respectively ².

- *IT Stocks*: Infosys, TCS, HCL Tech, and Wipro are in focus, with their share prices expected to rise following Accenture's strong Q1 earnings ¹.

- *Market Outlook*: The market is expected to remain volatile, with the Fed's hawkish stance and FII outflows weighing on investor sentiment. However, the IT sector's growth is likely to continue, driven by increasing demand for digital services ².

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