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 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.