Indian stock markets experienced a significant downturn on Thursday, ending a five-day rally, triggered by a weak annual revenue forecast from IT giant Accenture. Both the Sensex and Nifty indices saw substantial declines, with the Nifty dropping over 200 points and the Sensex falling nearly 700 points. The downturn heavily impacted India’s information technology stocks, as investors reacted to concerns about slowing global demand and potential cuts in IT spending. Major IT companies like Infosys, TCS, and HCLTech witnessed sharp declines in their share prices. Analysts attribute the market correction to Accenture’s lowered guidance, which signals potential headwinds for the entire IT sector. The broader market sentiment was also affected by rising global bond yields and concerns over geopolitical tensions.