Indian shares snapped a five-day rally on Friday on Accenture-led IT weakness, while heavyweights HDFC Bank (HDBK.NS) and Reliance Industries (RELI.NS) ​also fell.

The IT index (.NIFTYIT) dropped 3.7% to a three-year low, ‌taking the wheels off the benchmarks' rallies so far supported by lower oil prices after a U.S.-Iran deal, and India's moves to stabilise the rupee and curb foreign outflows.

The Nifty ​50 (.NSEI) fell 0.64% to 24,013.1, while the BSE Sensex (.BSESN) shed 0.78% ​to 76,802.90, after gaining 4.3% and 4.8%, respectively, over the ⁠previous five sessions.

"Accenture has effectively confirmed that clients remain highly cautious with their ​wallets," said Shashwat Singh, fundamental analyst at Bajaj Broking.

"Because Indian IT firms rely ​heavily on the same global pipeline for discretionary tech projects, Accenture's forecast is a warning for the entire sector."

Reliance lost 1.4% as investors booked profits after its board approved ​plans to raise funds via a Mumbai listing of Reliance Jio Platforms, two ​traders who did not wish to be identified said, following a pre-AGM run-up on expectations ‌of ⁠major announcements. The stock rose 1.3% this week.

HDFC fell 2.4% on Friday, with markets assessing the bank's leadership update after the central bank approved a three-month extension for interim chairman Keki Mistry, or until a permanent chairman is appointed.

For ​the week, both the ​benchmarks gained about ⁠1.7% each. Fifteen of the 16 major sectors advanced. Small-caps (.NIFSMCP100) and mid-caps (.NIFMDCP100) rose 3.2% and 2.9%, respectively.

After a nearly ​1,000-point rally over five sessions, caution is warranted, said Rupak ​De, senior ⁠technical analyst at LKP Securities.

"Near-term consolidation looks likely before the next directional move, and the Nifty may trade in a 23,800–24,200 range over the next few ⁠sessions."

Consumer durables (.NIFCODU) ​climbed 6.4%, driven by Trent (TREN.NS) after brokerages ​reiterated positive views on its earnings outlook.

Tata Motors (TAMO.NS) fell 7.82% after subsidiary JLR's fiscal 2027 guidance disappointed ​investors.