Market Update

Benchmark equity indices Sensex and Nifty 50 ended their five-session winning streak on Friday, June 19, amid a sharp selloff in information technology stocks following Accenture's decision to lower its revenue growth outlook. Investor sentiment was further weighed down by weak global cues, renewed foreign institutional investor (FII) selling and geopolitical uncertainties. The Sensex plunged more than 900 points to fall below the 76,500 mark, while the Nifty 50 dropped over 200 points, slipping below 23,950. The decline came after benchmark indices had rallied nearly 5% over the previous five trading sessions.