** India's IT companies .NIFTYIT, down 15.4% in January-March and set for worst quarter since June 2022, could see further pain, multiple brokerages say

** Global IT consultancy firm Accenture ACN.N reported in-line revenue in December quarter on Thursday and flagged constrained discretionary spending due to elevated macroeconomic uncertainties

** Accenture shares fell 7.3% in Wall Street overnight; the U.S.-listed shares of Wipro WIPR.NS and Infosys INFY.NS lost 2.3% and 2.8%, respectively

** Emkay says earnings of Indian IT companies could be at risk; adds, underperformance of IT index over Nifty 50 .NSEI in 2025 is due to worries of "another year of missing anticipated growth acceleration"

** Ambit sees pain continuing for the sector, forecasts IT companies to post pre-COVID-19 level growth, margins and cash generation

** Jefferies says Accenture's growth guidance for H2FY25 (H1FY26 for Indian IT cos) poses downside risks to consensus growth assumptions

** IT index down 1.7% in March vs 4.8% rise in Nifty 50

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))