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Sensex, Nifty open lower as IT stocks tumble after Accenture guidance cut

Domestic equity markets opened lower on Friday, with the Sensex falling over 500 points and the Nifty slipping more than 150 points. IT stocks led the decline after Accenture cut its guidance, while pharma and healthcare shares bucked the trend with modest gains

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Representational image. File pic

Representational image. File pic

Domestic equity markets on Friday opened lower after a recent rally, with IT stocks bearing the brunt of the selling pressure after global software services provider Accenture's guidance cut triggered concerns over the sector's growth outlook. 

According to IANS, Sensex opened at 76,852.86, down 0.71 per cent or over 500 points, while Nifty began the session at 23,991.20, declining 0.73 per cent or more than 150 points.

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