Indian shares were sharply lower in early trade on Friday, with IT stocks coming under heavy selling pressure after Accenture slashed its annual revenue growth forecast, raising concerns around the outlook for Indian IT companies.
The benchmark BSE Sensex was down 702 points, or 0.9 percent, at 76,702 while the broader NSE Nifty index fell by 187 points, or 0.8 percent, to 23,981.
Tech Mahindra, HCL Technologies, TCS and Infosys plummeted 4-8 percent.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.