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.
Despite extending gains for a fifth straight session, Dalal Street may open lower on Friday as weak guidance from Accenture weighs on technology stocks. Analysts see 24,000 as a crucial support level for Nifty, while Bank Nifty continues to show relative strength.
