Indian equity markets opened sharply lower on Friday, ending a five-session winning streak as heavy selling in information technology stocks weighed on investor sentiment. The decline followed a cautious business outlook from global technology giant Accenture, which sparked concerns about demand trends and discretionary spending in the IT sector.
Tata Motors Passenger Vehicles shares witnessed a sharp sell-off on Wednesday, plunging nearly 10 percent and emerging as one of the biggest losers on the Nifty 50 index. The decline came after Jaguar Land Rover (JLR) shared a cautious outlook for FY27, raising concerns among investors about future profitability and growth prospects.
