India’s BSE Sensex opened about 0.9% lower at 76,684 on Friday, snapping a five-session winning streak, as information technology stocks led the decline following Accenture’s latest results, which stoked concerns about sector-wide demand. Shares of Tata Consultancy Services, Infosys, Tech Mahindra, and HCL Tech dropped between 5.1% and 8.1%.
Weakness extended to several heavyweights and broader market names, with HDFC Bank down 2.1%, Meesho 1.0%, Vedanta 1.9%, Bata India 4.5%, and Ola Electric 2.6%. In contrast, select stocks posted notable gains: MTAR climbed 3.1%, IFCI 5.7%, Paras Defence 6.0%, and HFCL 5.0%.
Despite Friday’s pullback, the benchmark remained close to its recent highs after rising in each of the previous five sessions and was still on course for a weekly gain of around 1.5%. Investors are now watching to see whether the weakness in technology names spills over into other sectors, while also tracking global growth signals and foreign fund flows for further direction.
