Indian Stock Markets Poised for Positive Opening Amid Global IT Sector Focus and Accenture's Earnings Report

Indian stock markets are expected to open positively, driven by global cues and the performance of IT stocks following Accenture's Q2 earnings report on March 21, 2025. The Sensex previously surged 1.19% to close at 76,348, and the Nifty gained 1.24%, settling at 23,190. Accenture reported a 5% year-on-year revenue growth, reaching $16.7 billion, and adjusted its full-year revenue forecast to 5-7%. Infosys and Wipro ADRs on the NYSE experienced declines of 3.5% and 3.2%, respectively, after Accenture's results. Japan's inflation showed signs of easing, with the headline rate at 3.7%. Gold prices remained firm, trading around $3,043.89 per ounce after reaching an all-time high of $3,057.21. Investors are also monitoring India-US trade agreement negotiations and FII activities. Elevated macro uncertainties could impact Indian IT companies, with potential risks to discretionary spending. The Nifty IT Index has corrected ~15% year-to-date.