Indian benchmark indices reverse gains on Friday after a five-day rally, with the fall led by a sell-off in information technology stocks following weaker-than-expected guidance from Accenture. The BSE Sensex opens lower and drops further during the session, falling by about 831 points (around 1%) from the prior close, with an intraday low cited near 76,578. The NSE Nifty also slips by about 0.95% from the previous session, with an intraday low around 23,938.
Across IT shares, selling is broad. Infosys is reported as the biggest decliner among the Nifty 50 constituents mentioned, down roughly 7.7%, followed by declines in Tata Consultancy Services and other major IT names including Tech Mahindra and HCLTech, with Wipro also down in early trade. The sectoral move is reflected as Nifty IT is described as the worst-performing sector.
Accounts tie the move to Accenture lowering its full-year revenue growth guidance to 3–4% from an earlier 3–5% range, and indicating that client spending budgets have not expanded despite increased interest in artificial intelligence. Other sectors show mixed performance, with some energy and consumer stocks trading higher while banking and auto names face pressure.
