Sensex And Nifty50 End 5-Day Winning Streak

The BSE Sensex and NSE Nifty50 closed lower on Friday. The Sensex fell 607.08 points or 0.78% to end at 76,802.90. The Nifty50 dropped 154.90 points or 0.64% to close at 24,013.10.

Key market movements:

  • Technology stocks led the decline.
  • The BSE IT index fell 3.57%.
  • Infosys shares dropped 6.69%.
  • TCS shares fell 3.53%.
  • HCLTech dropped 2.74%.
  • Tech Mahindra fell 2.45%.
  • HDFC Bank shares fell 2.25% to close at Rs 781.
  • Reliance Industries shares fell 1.25% to close at Rs 1,311.50.

Factors affecting the market:

  • Geopolitical concerns increased market caution.
  • Accenture lowered its revenue growth forecast for FY26.
  • Lower growth outlooks for US consulting firms pressured Indian IT stocks.
  • HDFC Bank shares moved ex-dividend for a final dividend of Rs 13 per share.
  • Reliance Industries announced plans to file a draft prospectus for the Reliance Jio Platforms IPO.

The Nifty IT index reached its lowest level since April 2023 during the session.

Source: The Times of India