Stock Market Crash Today: Sensex tanks 910 pts, Nifty 50 below 24,000 - 5 reasons why

Sensex plunged 910 points and Nifty 50 slipped below 24,000 on June 19, ending a five-session winning streak, led by a sharp selloff in IT stocks after Accenture cut its FY26 revenue growth guidance to 3-4% and projected weaker Q4 revenue of about $17.75-$18.4 billion. Indian IT majors Infosys, HCLTech, Tech Mahindra and TCS fell 6-8% each, while FIIs turned net sellers after three sessions of buying, offloading shares worth ₹1,025 crore. Broader weakness was amplified by losses across Asian markets and the shelving of US-Iran peace talks, though analysts noted that improving macros, falling crude prices and strong DII buying could sustain a buy-on-dips strategy.