India’s BSE Sensex fell about 0.9% to 76,684 at the open on Friday, retreating from a five-day advance as information technology stocks led losses after Accenture’s latest results raised concerns about demand prospects for the sector. Shares of Tata Consultancy Services, Infosys, Tech Mahindra and HCL Tech fell between 5.1% and 8.1%. Other notable laggards across sectors included HDFC Bank (-2.1%), Meesho (-1.0%), Vedanta (-1.9%), Bata India (-4.5%), and Ola Electric (-2.6%). On the upside, MTAR (3.1%), IFCI (5.7%), Paras Defence (6.0%), and HFCL (5.0%) advanced. Despite Friday’s decline, the benchmark indexes remained near recent highs after gaining in each of the previous five sessions. The index remained on track for a weekly gain of 1.5%. Market participants will be watching whether weakness in technology shares spills over into other sectors, with investors also assessing global growth signals and foreign fund flows for further direction.

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