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