Sensex dives over 600 points after five-day rally dragged by IT stocks
Indian stock markets experienced a significant decline, with the Sensex dropping over 600 points following a five-day rally. The downturn was driven by heavy selling in IT stocks due to Accenture's lowered revenue guidance and broader geopolitical concerns regarding U.S.-Iran relations.
Why it matters
The market correction highlights the sensitivity of Indian equity markets to global tech sector performance and international geopolitical stability.
Stock market benchmark indices ended lower on Friday (June 19, 2026) after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to the 24,013.10 level, dragged by heavy selling in IT firms after global tech giant Accenture trimmed its full-year revenue growth guidance and renewed geopolitical uncertainty.
The article reports market data and expert commentary without emotive language or political agenda.
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