Mumbai, June 19 -- The key equity benchmarks traded with significant losses in morning trade, weighed down by heavy selling in index-heavyweight IT stocks. Sentiment weakened after IT major Accenture trimmed its FY26 revenue growth forecast and highlighted revenue risks stemming from West Asia-related challenges. Further, investors remained cautious amid the U.S. Federal Reserve's policy stance, with persistent inflation concerns and expectations of interest rates staying higher for longer weighing on market sentiment.

However, market participants will closely monitor monsoon developments, FII activity, and inflation trends for directional cues. Nifty slipped below the 23,050 mark.

IT shares tumbled for second consecutive trading sessio...