Indian Stock Market Ends Lower as IT Stocks Trigger Broad-Based Sell-Off

Indian equity markets ended Friday's trading session in negative territory, weighed down by a sharp sell-off in information technology stocks amid weak global technology sentiment.

The NSE Nifty 50 closed at 24,013.10, declining 154.90 points (-0.64%), while the BSE Sensex settled at 76,802.90, down 607.08 points (-0.78%).

The decline was primarily driven by heavy selling in major IT companies after concerns emerged over the global technology sector following the latest outlook from Accenture. Investors reacted cautiously to signs of slower growth and reduced spending expectations in the technology industry, leading to broad-based weakness across IT counters.

Large-cap technology stocks witnessed significant pressure throughout the session, dragging benchmark indices lower despite resilience in select sectors. The weakness in IT shares overshadowed gains seen in some banking, energy, and defensive stocks.

Market participants remained cautious amid concerns about global economic growth, technology spending trends, and foreign investor sentiment. The negative global cues triggered profit-booking in technology stocks, which have been among the key contributors to recent market gains.

Despite the decline, analysts noted that the broader market structure remains relatively stable, with sector-specific rotation continuing to support select pockets of the market. However, technology stocks are likely to remain in focus as investors assess the impact of global demand trends on earnings growth.

The day's trading highlighted the significant influence of the IT sector on Indian benchmark indices, as weakness in major technology companies outweighed strength in several other segments of the market.

With global economic developments and corporate outlooks continuing to shape investor sentiment, market participants will closely monitor upcoming earnings updates, foreign fund flows, and international market trends for further direction.