Snapping its five-day winning streak, Indian equity benchmark -- Nifty ended lower on Friday amid sharp selloff in IT and Tech stocks after Accenture cut its revenue growth guidance for the financial year ending August 2026 to between 3% and 4% from its previous forecast of 4% to 5%. Index made a gap-down start and remained lower throughout the session as renewed foreign fund outflow weighted on market sentiments. As per exchange data, foreign institutional investors sold equities worth Rs 1,025.20 crore on Thursday. Further, market participants opted to book profit booking after five-day rally. Besides, cautiousness came with the India Meteorological Department (IMD) data showing that India is facing a nationwide rainfall deficit of 41% between June 4 and June 18, 2026, as the southwest monsoon stalled over southern Maharashtra. Finally, Nifty ended lower, down 0.64%.
Traders were seen piling up positions in Pharma, Chemicals and Media stocks, while selling was witnessed in IT, Oil & Gas and Realty. The top gainers from the F&O segment were Bharat Dynamics, GE Vernova T&D India and Aurobindo Pharma. On the other hand, the top losers were Infosys, LTM and ICICI Prudential Life Insurance Company. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
