The market is slipping away as the Sensex is down 153.77 points or 0.6 percent at 27742.20. The Nifty is down 38.95 points or 0.5 percent at 8359.05. About 723 shares have advanced, 930 shares declined, and 124 shares are unchanged. GAIL, Vedanta, ICICI Bank, L&T and BHEL are major losers in the Sensex.
Accenture raised its full-year revenue forecast for the third time, reflecting continued strong demand for the company's consulting and outsourcing services. The company also reported third-quarter profit and revenue above analysts' estimates, helped by growth in its North America business, sending its shares 2.3 percent higher to USD 99.99 in premarket trading. Accenture raised its full-year revenue growth forecast to 9-10 percent on a local currency basis. In March, the company said it had expected revenue to grow 8-10 percent in the year ending August. Accenture raised its revenue growth forecast to 5-8 percent in December from 4-7 percent.
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