Sensex and Nifty End Winning Streak as IT Stocks Face Sharp Selloff
The Indian equity markets snapped a five-session winning streak on Friday, as a combination of global IT sector concerns and geopolitical uncertainty triggered a significant correction. Both the BSE Sensex and NSE Nifty50 closed sharply lower, marking a pause after a strong rally that had seen the benchmarks gain over 4% in the preceding week.
IT Sector Under Pressure Following Accenture’s Outlook
The primary catalyst for the market downturn was a massive selloff in the information technology sector. The slump was triggered by global IT giant Accenture trimming its full-year revenue growth guidance, which sparked fears regarding softening demand trends in the industry.
The impact on domestic IT heavyweights was substantial. The BSE IT index tumbled by 3.57%, with Infosys leading the decline, falling 6.50% in the Nifty50 and 6.69% in the Sensex. Other major players also faced heavy selling pressure, including TCS, which dropped 3.06%, and Tech Mahindra, which shed 2.33%.
Geopolitical Uncertainty and Macro Factors
Beyond the IT sector, renewed geopolitical tensions added to investor caution. Uncertainty resurfaced regarding the US-Iran peace process after US Vice President J D Vance postponed a scheduled visit to Switzerland for talks with Iranian negotiators. This postponement undermined expectations for the finalization of a Memorandum of Understanding (MoU) between the two nations.
On the commodity front, Brent crude oil prices eased by 0.58% to settle at USD 79.39 per barrel. Meanwhile, institutional activity showed a bearish tilt, with Foreign Institutional Investors (FIIs) selling equities worth Rs 1,025.20 crore on Thursday.
Key Market Movers: Gainers and Losers
Despite the overall market decline, certain sectors showed resilience. Defensive stocks and those in the telecommunications and power sectors managed to post gains.
Nifty50 Top Gainers:
- Eternal (+2.05%)
- Bharti Airtel (+1.71%)
- Power Grid (+1.35%)
- Nestle India (+1.22%)
Nifty50 Top Losers:
- Infosys (-6.50%)
- TCS (-3.06%)
- Tech Mahindra (-2.33%)
- HCLTech (-2.23%)
BSE Sensex Performance: The Sensex closed at 76,802.90, down 607.08 points (0.78%). During intraday trading, the index saw a steep plunge, touching a low of 76,469.72, representing a 1.21% drop.
企业聚焦：Reliance 与 Jio Platforms IPO
在市场波动之际，Reliance Industries 因其数字化业务成为了新闻焦点。Jio Platforms Ltd 董事会已批准提交首次公开募股 (IPO) 的草案文件。拟议的发行包括最多 2.7 亿股新发行的普通股，招股说明书草案 (DRHP) 计划提交给 SEBI。
核心要点
- IT 行业低迷： 埃森哲 (Accenture) 面临的全球性不利因素引发了印度 IT 股的大规模抛售，Infosys 和 TCS 均出现大幅下跌。
- 地缘政治阻力： 美伊谈判的推迟以及中东地区更广泛的不确定性促使投资者进行获利了结。
- 市场回调： 本次回调发生在连续五天的强劲反弹之后，期间 Sensex 指数上涨了 4.84%，Nifty 指数上涨了 4.34%。