Caution Advised: Accenture Results Show Premature Optimism in Indian IT Stocks – Latest Market News Live Updates June 21, 2024

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Market Wrap-Up: Latest Updates on Nifty 50 and Sensex Movements, Top Gainers and Losers, and Global Market Trends

In today’s market wrap-up, several interesting developments have taken place that have caught the attention of investors. Here are some of the key highlights:

1. **Accenture Results Impact Indian IT Stocks**: Shares of Infosys, TCS, and Wipro Ltd saw gains of 2-4% on the NSE after Accenture announced its Q3 FY24 results. However, there are concerns that the market may be overly optimistic and ignoring potential downsides. [Read more](https://www.livemint.com/market/mark-to-market/accenture-results-beware-the-premature-optimism-in-indian-it-stocks-11718957388407.html)

2. **Raymond Stock Hits Record High**: Textile manufacturer Raymond saw its stock surge 12% to a new high of ₹2,694.95, marking an increase of over 81% from its 52-week low. This strong performance is driven by a positive business outlook. [Read more](https://www.livemint.com/market/stock-market-news/raymond-stock-jumps-12-to-new-high-on-strong-business-outlook-up-over-81-from-52-week-low-11718957601601.html)

3. **Suzlon Energy Stock Climbs**: Renewable energy stocks, led by Suzlon Energy, have seen significant gains recently. The company’s shares reached ₹53, a level last seen in 2011, following a strong rebound and impressive growth. [Read more](https://www.livemint.com/market/stock-market-news/multibagger-suzlon-energy-stock-climbs-5-to-attain-level-last-seen-in-april-2011-whats-behind-the-rally-11718952853579.html)

4. **IPO News**: Visaman Global Sales IPO price band has been set at ₹43 per share, with the company aiming to raise ₹16.05 crore from the public issue. The IPO is set to open on June 24. [Read more](https://www.livemint.com/market/ipo/visaman-global-sales-ipo-price-band-set-at-rs-43-per-share-sme-ipo-to-open-on-june-24-11718958878346.html)

These are just a few of the market updates from today. Stay tuned for more real-time updates on your favorite companies and sectors by following Mint’s market blog.