Sensex tumbles 786 points in early trade after five-day rally as IT stocks drag

MUMBAI: (Jun 19) Stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday after a five-day rally, dragged by heavy selling in IT firms following revenue growth guidance cut by Accenture.

The 30-share BSE Sensex tanked 786.58 points to 76,624.90 in early trade. The 50-share NSE Nifty declined 210.95 points to 23,959.80.

From the 30-Sensex firms, Infosys dived over 8 per cent, Tata Consultancy Services tumbled 6 per cent, Tech Mahindra traded 5 per cent lower and HCL Tech declined 4.9 per cent. HDFC Bank and Tata Steel were also among the laggards.