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Sensex Falls Over 800 Points as Accenture Earnings Trigger IT Stock Selloff

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The stock market today witnessed broad-based selling on Friday, with the Sensex today live falling more than 800 points and the Nifty IT index emerging as the biggest sectoral loser after Accenture plc issued a weaker-than-expected quarterly sales forecast. The disappointing outlook from the global information technology services giant triggered heavy selling across Indian technology stocks, dragging the broader Indian stock market lower despite positive developments in global energy markets.

At the opening bell, the Sensex today live dropped more than 700 points while the Nifty 50 slipped around 200 points, reflecting cautious investor sentiment. As trading progressed, losses deepened, with nearly 1,500 stocks on the National Stock Exchange of India trading in the red, significantly outnumbering advancing shares.

The Nifty IT index declined nearly 6%, making it the worst-performing sector of the day. Weakness also extended to the Nifty Realty and Nifty Consumer Durables indices, indicating widespread selling pressure beyond technology stocks.

Meanwhile, the Indian rupee weakened by five paise against the United States dollar, opening at 94.38 compared with the previous close of 94.33, adding another layer of caution for equity investors.

Accenture Earnings Impact Weighs on IT Stocks

The sharp decline in the stock market today followed Accenture plc‘s quarterly earnings announcement, in which the company projected revenue below Wall Street expectations. As one of the world’s largest technology consulting firms, Accenture is widely viewed as a bellwether for the global information technology services industry.

Its weaker guidance raised concerns about slowing technology spending by corporate clients worldwide. Investors interpreted the forecast as an indication that demand for digital transformation projects and outsourcing services may remain under pressure, leading to a broad selloff across Indian information technology companies.

Market analysts noted that Indian software exporters derive a substantial portion of their revenues from North America and Europe. Consequently, any indication of slowing enterprise technology spending from a global industry leader like Accenture tends to have an immediate impact on investor sentiment toward Indian technology stocks.

Broader Market Sentiment Remains Weak

Beyond the Accenture earnings impact, investors also reacted to a sharp decline in overall market breadth. Reports indicated that almost 1,500 stocks were trading lower on the National Stock Exchange of India, contributing to an estimated erosion of nearly ₹1.3 lakh crore in investor wealth during the trading session.

Although crude oil prices edged slightly higher after remarks by United States Vice President JD Vance warning Israel against violating the ceasefire agreement, the broader market focus remained firmly on corporate earnings and global technology demand rather than geopolitical developments.

Market participants also continued to monitor global interest rate expectations, currency movements and institutional investor flows, all of which have contributed to increased volatility in recent sessions.

Expert View: Lower Oil Prices Could Support Real Estate

Despite weakness in equities, some industry experts believe easing geopolitical tensions could benefit specific sectors.

According to Mohit Gurjar, Founder of BrainWing, the recent ceasefire between the United States and Iran, along with lower crude oil prices, could create favourable conditions for India’s real estate sector. He suggested that lower energy costs may help reduce inflationary pressures, moderate construction and logistics expenses, and support a more stable interest-rate environment.

Gurjar further explained that improving economic certainty generally strengthens buyer confidence in residential property markets. Based on BrainWing’s market observations, he indicated that lower uncertainty often leads to higher customer enquiries, improved buyer sentiment and faster sales conversions for developers. However, he also noted that long-term housing demand continues to depend primarily on project quality, location and affordability rather than short-term macroeconomic developments.

What Investors Should Watch Next

Market experts believe the near-term direction of the Indian stock market will depend on upcoming global economic data, corporate earnings, foreign institutional investment flows and signals from major central banks.

While the sharp fall in the Sensex today live was largely triggered by the Accenture earnings impact, investors will closely watch whether weakness in global technology spending persists over the coming quarters. Domestic investors are also expected to monitor the movement of crude oil prices, the rupee and inflation indicators, all of which could influence market sentiment in the weeks ahead.

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Sensex Falls 300 Points as Nifty Slips Below 24,050 After Fed’s Hawkish Outlook

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Indian equities surrendered early gains on Thursday as investors turned cautious following a hawkish policy outlook from the Federal Reserve, even though the central bank kept interest rates unchanged. The Sensex market today witnessed sharp profit booking after opening higher, while the Nifty trade setup shifted into defensive territory as the benchmark slipped below the 24,050 mark. The key focus for traders has now moved to whether Nifty 24,000 support can withstand the renewed selling pressure.

The reversal came after a strong rally in recent sessions, highlighting how global monetary policy continues to influence the Indian stock market despite improving domestic fundamentals. Analysts believe that while easing geopolitical tensions and declining crude oil prices remain supportive, global interest rate expectations have become the dominant short-term driver of investor sentiment.

Nifty trade setup

The Nifty trade setup turned cautious after the benchmark erased its early gains and drifted toward the crucial Nifty 24,000 support zone. Derivatives data continues to indicate that the highest put open interest is concentrated around 24,000, making it an important psychological and technical support level. Market experts suggest that sustaining above this level could keep the broader uptrend intact, whereas a decisive break may trigger another round of profit booking.

Earlier in the day, GIFT Nifty futures had pointed to a muted opening, reflecting mixed global signals. Although foreign institutional investors have resumed buying Indian equities over recent sessions, traders preferred to reduce risk after the latest policy signals from the United States.

Federal Reserve outlook weighs on sentiment

The biggest trigger behind Thursday’s decline was the Federal Reserve outlook. While policymakers left benchmark interest rates unchanged, they indicated that inflation risks remain elevated and suggested that another rate increase later this year cannot be ruled out.

Market strategists noted that higher United States interest rates generally strengthen the US dollar while pushing Treasury yields higher. Such developments tend to reduce capital flows into emerging markets, including India, as global investors seek relatively safer returns in developed markets.

The overnight weakness on Wall Street reflected these concerns. The Dow Jones Industrial Average declined by more than 500 points, while the S&P 500 and Nasdaq Composite also registered sharp losses after the policy announcement.

IT stocks decline after US policy signals

The IT stocks decline emerged as one of the biggest drags on benchmark indices. Since India’s leading technology companies generate a substantial portion of their revenues from the United States, concerns over slower corporate spending in the world’s largest economy weighed heavily on investor sentiment.

Shares of major information technology companies, including Tata Consultancy Services Limited, Infosys Limited, HCL Technologies Limited, Tech Mahindra Limited, and Wipro Limited, came under selling pressure. Analysts believe investors fear that prolonged higher interest rates could slow technology spending by American businesses, affecting future earnings growth for Indian exporters.

The weakness in technology shares pulled the broader Nifty IT index lower and significantly contributed to the market’s reversal.

Profit booking after a strong rally

Apart from global concerns, traders also locked in profits following the recent surge in the Indian stock market. During the previous four trading sessions, benchmark indices had rallied sharply as optimism improved after geopolitical tensions in West Asia eased.

Market analysts explained that such profit booking is natural after a strong rally, particularly when fresh global uncertainties emerge. Selling pressure extended beyond technology stocks to sectors including automobiles, metals, real estate, oil and gas, and consumer durables.

Despite the decline, experts believe the broader market structure remains relatively healthy as long as Nifty 24,000 support continues to hold.

Lower crude prices offer support

One positive development for the Indian stock market has been the sharp correction in global crude oil prices. Brent crude fell below $78 per barrel after the United States and Iran reached a peace agreement, easing concerns over supply disruptions in the Strait of Hormuz.

Lower crude oil prices are particularly beneficial for India because the country imports the majority of its energy requirements. Softer energy prices could help moderate inflation, improve corporate profitability, reduce pressure on the current account deficit, and provide additional flexibility for monetary policy.

Economists believe these factors continue to provide medium-term support for Indian equities despite near-term volatility.

Expert analysis

Market experts believe investors should avoid interpreting Thursday’s decline as a complete reversal of the broader trend. Technical analysts suggest that the immediate focus remains on whether Nifty 24,000 support can absorb selling pressure. A sustained move above 24,100 could restore bullish momentum, while a fall below 24,000 may expose the index to further downside in the short term.

Fund managers also point to improving foreign institutional investor participation and easing geopolitical risks as constructive factors. However, they caution that global central bank decisions, bond yields, currency movements, and inflation data will likely continue driving market direction over the coming weeks.

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Sensex Falls Over 600 Points, Nifty50 Slides as IT Stocks Trigger Broad Market Selloff

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The Indian stock market witnessed a sharp decline in early trade on June 3, with the Sensex falling more than 600 points and the Nifty50 slipping below the 23,300 mark as heavy selling in information technology stocks weighed on investor sentiment. The weakness in the benchmark indices came amid rising crude oil prices, sustained foreign investor selling and growing geopolitical concerns linked to developments in West Asia.

The stock market today opened on a cautious note, but losses accelerated soon after trading began. The Nifty50 initially opened near 23,416 points before witnessing significant selling pressure that pushed the benchmark index lower. Similarly, the BSE Sensex extended its losses after a weak opening and fell more than 600 points during the morning session.

At around 9:36 a.m., the Nifty50 was trading near 23,274 points, down nearly 0.9%, while the Sensex declined more than 800 points from the previous close to trade around 73,843 points. The sharp fall highlighted growing nervousness among investors despite the strong rally witnessed in the previous trading session.

IT stocks decline after strong rally driven by AI optimism

Market participants attributed much of the decline to profit-booking in major information technology companies following their recent gains. IT sector stocks had rallied strongly in the previous session amid optimism surrounding artificial intelligence-related demand and positive cues from United States technology markets.

However, investors chose to lock in profits on Wednesday, resulting in a broad selloff across leading technology counters. Shares of major IT companies including Tata Consultancy Services, Infosys Limited, HCL Technologies Limited and Tech Mahindra Limited came under significant pressure.

Tata Consultancy Services emerged as one of the biggest losers among Nifty constituents, while Tech Mahindra, Infosys and HCL Technologies also recorded notable declines. The weakness across IT sector stocks had a disproportionate impact on benchmark indices because of their significant weightage in the market.

Foreign investor selling and crude oil prices impact market sentiment

Apart from the decline in technology shares, investors remained concerned about persistent foreign investor selling. Market data showed that foreign institutional investors sold assets worth more than ₹8,300 crore during the previous trading session, extending a broader trend of outflows seen at the start of June.

According to available market data, foreign portfolio investors have already sold more than ₹24,000 crore worth of assets during the first two trading sessions of the month. Such heavy FII outflows have raised concerns about liquidity and short-term market stability.

Another key factor affecting sentiment was the rise in crude oil prices. Oil prices continued to trade above $96 per barrel amid concerns surrounding geopolitical tensions in West Asia and uncertainty regarding regional security. Higher energy prices are generally viewed as negative for India because the country relies heavily on crude oil imports, potentially increasing inflationary pressures and widening the trade deficit.

Geopolitical concerns add to investor caution

Investor sentiment was further impacted by reports of fresh military developments involving the United States and Iran. Market participants monitored developments closely after reports suggested renewed military activity in the Gulf region despite ongoing diplomatic discussions.

Analysts noted that geopolitical uncertainty often prompts investors to reduce risk exposure, particularly in emerging markets. The combination of geopolitical tensions, elevated crude oil prices and foreign investor selling created a challenging environment for equities during the session.

ONGC and defensive stocks outperform weak broader market

Despite the broader market weakness, a handful of stocks managed to trade in positive territory. Shares of Oil and Natural Gas Corporation Limited benefited from higher crude oil prices and emerged among the top gainers. Other stocks showing resilience included Apollo Hospitals Enterprise Limited, Bajaj Auto Limited, Maruti Suzuki India Limited and Nestlé India Limited.

Market experts believe investors will continue to monitor foreign flows, crude oil prices and global developments for signs of a potential recovery. While the recent correction appears driven largely by profit-booking in IT stocks, sustained foreign investor selling and geopolitical risks could continue to influence market direction in the near term.

For now, the Indian stock market remains under pressure, with the Sensex falls 600 points narrative and the decline in IT stocks dominating market discussions as traders assess whether the latest weakness represents a temporary correction or the beginning of a broader pullback.

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Sensex surge today: Indian stock market rallies as Nifty above 24,200 led by Reliance and Bharti Airtel

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The Sensex surge today signaled a strong comeback for Indian equities on April 29, 2026, as benchmark indices rallied sharply in early trade. The stock market rally saw the BSE Sensex jump over 650 points, while the Nifty 50 climbed past the key 24,200 mark, reinforcing bullish sentiment across Dalal Street.

The Nifty above 24200 milestone reflects renewed investor confidence following recent volatility, with gains led by heavyweight stocks such as Reliance Industries and Bharti Airtel. The upbeat momentum marks a sharp contrast to previous sessions that were dominated by global uncertainties and market corrections.

What triggered the Sensex surge today

The Sensex surge today was driven by a combination of stabilizing global cues and strong buying in key sectors. Asian markets traded higher, supported by easing crude oil prices, which helped improve overall risk sentiment. Gains in indices such as the Shanghai Composite Index, Hang Seng Index, and Kospi further boosted investor confidence.

Market analysts suggest that the stabilization in oil prices has eased inflation concerns, contributing to the Indian market rally. The stock market today also benefited from positive domestic triggers, including sectoral strength and strong corporate earnings.

Reliance share gain and Bharti Airtel rise lead rally

A major contributor to the Sensex surge today was the Reliance share gain, with the stock rising over 2%, providing significant support to the index. Similarly, the Bharti Airtel rise of more than 2.4% added momentum to the Nifty above 24200 trend.

Other major gainers included Infosys, Maruti Suzuki, Mahindra & Mahindra, and ITC Limited, all of which contributed to the broader stock market rally.

Sectoral performance boosts Nifty sector gains

The Nifty sector gains were broad-based, with 13 out of 15 sectoral indices trading in the green. The Nifty Auto index led the rally with gains exceeding 2%, while sectors such as FMCG, IT, realty, banking, and financial services rose between 0.7% and 1.5%.

However, media and metal indices lagged behind, reflecting selective selling pressure. Despite this, the overall Indian market rally remained strong, supported by widespread buying across sectors.

Broader markets mirror Sensex surge today

The positive momentum extended to broader markets, with the Nifty Midcap 100 index rising 0.74% and the Nifty Smallcap 100 index advancing 0.7%. This indicates that the Sensex surge today was not limited to large-cap stocks but also supported by mid- and small-cap segments.

Market breadth remained positive, with over 2,000 stocks advancing compared to fewer than 1,000 declines on the National Stock Exchange. Analysts view this as a sign of strong underlying market strength.

Key stock movers in stock market today

Among individual stocks, Garden Reach Shipbuilders & Engineers surged nearly 16% after reporting strong quarterly earnings. Meanwhile, Maruti Suzuki emerged as a top gainer in the Nifty50 index, rising over 4% following record annual profit results.

Other notable gainers included Eicher Motors and Tata Motors, reflecting strength in the auto sector. On the downside, stocks like Dr. Reddy’s Laboratories, Asian Paints, and Hindalco Industries saw some selling pressure.

Institutional activity and market sentiment

Data from the National Stock Exchange showed that foreign institutional investors sold shares worth ₹2,103 crore in the previous session, while domestic institutional investors purchased stocks worth ₹1,712 crore. Despite this mixed activity, the Sensex surge today indicates strong domestic support for equities.

Experts suggest that domestic investors are playing a crucial role in sustaining the stock market rally, even as global uncertainties continue to influence foreign investment flows.

Expert outlook: Can the rally sustain?

Market experts believe that the Sensex surge today could signal a short-term bullish trend, provided global conditions remain stable. However, they caution that volatility may persist due to external factors such as geopolitical tensions and fluctuations in oil prices.

Analysts emphasize that sustained earnings growth and stable macroeconomic indicators will be key to maintaining the Nifty above 24200 levels. Investors are advised to remain cautious while taking advantage of selective opportunities in the stock market today.

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