Indian stocks end five-session rise as IT slides 3.7%, Nifty 50 falls 0.64%

Indian equities fell on Friday, snapping a five-session advance as technology stocks sank, with the Nifty IT index sliding 3.7% to a three-year low. The Nifty 50 closed down 0.64% and the BSE Sensex fell 0.78%. The selloff followed Accenture’s warning that clients remain cautious on technology spending, raising concerns about demand for Indian IT exporters, Reuters reported.