The financial sector pulled down Indian equities as they opened on Friday but gains in IT firms prevented further declines in spite of Accenture's warning of decreased customer spending. 

Due to selling pressure in the banking and IT sectors, the Indian market indices Sensex and Nifty50 gave up early gains on Tuesday. Heavyweights including HDFC Bank, Infosys, Reliance and TCS, which released its quarterly results the day before, were the main drags on the major indices. However, gains in sectors like auto and metal prevented both the Sensex and Nifty50 from suffering further losses. 

The September quarter of FY23 saw a slowdown in India's economic growth to 6.3 per cent.