Mumbai, June 19 -- The headline equity benchmarks traded with significant losses in the mid-afternoon 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 dropped below the 24,000 level. Consumer durables shares witnessed profi...