What is the reason for the rise in IT shares? – it stocks continued their upward trend for the third consecutive day but Jefferies sees a potential risk following accentuates weak guidance

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IT stocks: Nifty IT index climbed over 1% to its day’s high of 39,054 led by rise in share prices. IT shares continued to rise for the third day but Jefferies sees risk of decline after weak guidance from Accenture.

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