Indian equity benchmarks close lower after losing momentum following a five-day rally. The BSE Sensex ends the session down 607.08 points (0.78%) at 76,802.90. Intraday, it falls as much as 940.26 points (1.21%) to 76,469.72 before recovering somewhat into the close. The NSE Nifty 50 also ends lower, down 154.90 points (0.64%) at 24,013.10.
Both outlets attribute the decline to weakness in information technology stocks, including those linked to Accenture, which weighs on broader index performance. In addition, HDFC Bank shares fall, with one report citing a decision by the central bank approving a term extension for the lender’s interim chairman.
The combined impact of IT-sector softness and losses in financial stocks, particularly HDFC Bank, pulls the indices down, reversing the prior upward run. Overall market movement reflects broad drag rather than a single-sector advance.
