Stock Market Updates: IT Stocks Drop, Sensex Drops 200 Points, and Nifty Closes Below 22,000

Indian benchmark indexes, the Sensex and Nifty, saw declines on Friday, led by IT companies. Accenture, a worldwide corporation and industry leader, lowered its fiscal 2024 revenue prediction and warned of spending pessimism owing to US economic uncertainties.

Worldwide Cues

Asia-Pacific markets opened on Friday morning with a mixed bag of green and red. Japan’s Nikkei 225 continued its bull run for the second straight trading day, rising 0.53 percent and closing over 41,000 levels. The Topix also saw a 0.64 percent increase.

Nonetheless, futures for Hong Kong’s Hang Seng index were down 1.70 percent at 16,580 levels. The S&P/ASX 200 index for Australia was down 0.31% on Thursday morning as well.

In the meantime, the Kospi in South Korea increased by 0.19 percent, while the Kosdaq decreased by 0.03 percent.

In the US, the Dow Jones Industrial Average and the S&P 500 both rose by 0.68 percent and 0.32 percent, respectively, to new highs overnight. The Nasdaq Composite, meanwhile, increased by 0.20 percent.