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HCL Technologies Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1234.5, up 1.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24172.8. The Sensex is at 77442.96, down 0.34%. HCL Technologies Ltd has risen around 9.2% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has risen around 4.76% in last one month and is currently quoting at 29161.85, down 0.75% on the day. The volume in the stock stood at 25.08 lakh shares today, compared to the daily average of 48.55 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1233.1, up 0.77% on the day. HCL Technologies Ltd is down 18.79% in last one year as compared to a 3.54% drop in NIFTY and a 21.48% drop in the Nifty IT index.
The PE of the stock is 18.21 based on TTM earnings ending June 26.
As part of the partnership, HCLTech will expand the deployment of its AI Service Transformation Platform, AI Force, to develop and implement agentic AI capabilities across Guardian's business. The initiative will support technology transformation across data, applications and engineering, while improving operational efficiency in group benefits, individual protection, retirement and wealth management businesses.
In a significant move, HCLTech will also acquire Guardian India, the insurer's global capability centre, which houses nearly 2,000 employees supporting technology, operations and shared services. The employees will join HCLTech under a dedicated Strategic Business Unit focused exclusively on Guardian's business. Karunakaran Azhisur, currently country head of Guardian India, will lead the new unit after joining HCLTech.
Steve Rullo, chief digital and technology officer at Guardian, said the expanded partnership would help scale AI adoption across the enterprise, strengthen operational excellence and create greater value for customers, policyholders and distribution partners.
Srinivasan Seshadri, chief growth officer and global head of financial services at HCLTech, said the collaboration reinforces the company's leadership in the insurance sector and creates opportunities to co-develop AI-led products and intellectual property while helping Guardian modernise its operations.
HCLTech is a global technology services company with over 223,000 employees across 60 countries.
The company's consolidated net profit increased 20.3% year-on-year and 3.0% quarter-on-quarter to Rs 4,624 crore in Q1 FY27. Revenue from operations rose 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, up 3.0% YoY but down 0.9% QoQ. Constant currency (CC) revenue declined 0.5% QoQ and increased 2.6% YoY.
HCL Technologies Ltd is up for a third straight session in a row. The stock is quoting at Rs 1206.8, up 1.63% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.92% on the day, quoting at 24294. The Sensex is at 77994.28, up 1.05%. HCL Technologies Ltd has risen around 3.87% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has risen around 2.55% in last one month and is currently quoting at 28722.6, up 1.63% on the day. The volume in the stock stood at 33.09 lakh shares today, compared to the daily average of 50.91 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1205.3, up 2.7% on the day. HCL Technologies Ltd is down 22.08% in last one year as compared to a 2.7% drop in NIFTY and a 21.41% drop in the Nifty IT index.
The PE of the stock is 17.72 based on TTM earnings ending June 26.
IT, media and consumer durables shares advanced while realty, PSU Bank and private bank shares declined.
At 13:25 IST, the S&P BSE Sensex advanced 175.90 points or 0.23% to 77,361.33. The Nifty 50 index added 27.70 points or 0.12% to 24,106.35.
In the broader market, the BSE 150 MidCap Index fell 0.11% and the BSE 250 SmallCap Index climbed 0.04%.
The market breadth was positive. On the BSE, 2,036 shares rose and 2,023 shares fell. A total of 232 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.20% to 13.45.
In the commodities market, Brent crude for September 2026 settlement added 21 cents or 0.25% to $84.74 a barrel.
Gainers & Losers:
HCL Technologies (up 2.01%), Wipro (up 1.76%), Maruti Suzuki India (up 1.60%), Bajaj Finance (up 1.55%) and Interglobe Aviation (Indigo) (up 1.54%) were the major Nifty50 gainers.
SBI Life Insurance (down 2.22%), Eternal (down 2.05%), Shriram Finance (down 0.85%), HDFC Bank (down 0.69%) and Bharat Electronics (down 0.63%) were the major Nifty50 losers.
India-UK Pact:
The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force yesterday, marking a major milestone in the economic partnership between the two countries.
In a post on social media, Union Minister of Commerce and Industry Piyush Goyal said that the entry into force of the India–UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India–UK relations. This provides zero-duty market access for nearly 99% of India’s exports and covering almost 100 per cent of trade value.
The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India’s IT, professional, financial, education and business services sectors and expands mobility for Indian talent.
Stocks in Spotlight:
HDFC Life Insurance Company shed 0.01%. The company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net premium income rose 14.39% year on year (YoY) to Rs 16,547.97 crore in Q1 FY27 over Q1 FY26.
Jana Small Finance Bank advanced 2.94% after the bank reported 52% rise in net profit to Rs 155 crore on a 18.4% increase in operating income to Rs 1,009 crore in Q1 FY27 as compared with Q1 FY26.
Mangalore Refinery and Petrochemicals (MRPL) surged 8.18% after the company reported a consolidated net profit of Rs 916.69 crore in Q1 FY27, compared with a net loss of Rs 271.33 crore in Q1 FY26. Revenue from operations (excluding net excise duty) jumped 120.4% year on year (YoY) to Rs 38,254.19 crore in the quarter ended 30 June 2026.
Lotus Chocolate Company fell 5.71% after the company's standalone net profit declined 99.32% year-on-year to Rs 0.02 crore in Q1 FY27, compared with Rs 2.99 crore in the same period last year. Revenue from operations declined 42.06% year-on-year to Rs 91.95 crore in Q1 FY27, from Rs 158.71 crore in Q1 FY26.
Emmvee Photovoltaic Power jumped 5.70% after the solar module and cell manufacturer reported record Q1 FY27 earnings, driven by higher production volumes, improved cell integration and operating leverage. The company's net profit surged 102.61% YoY, while declining 3.08% QoQ, to Rs 380.30 crore in Q1 FY27. Revenue from operations increased 51.34% YoY but declined 10.54% QoQ to Rs 1,555.50 crore in the June 2026 quarter.
Angel One declined 1.54%. the broker reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026.
Global Market:
European market declined despite UK economy expanded by 0.1% in May despite higher energy costs stemming from the Iran conflict, according to official data. May’s slight expansion in gross domestic product was led by 0.3% growth in services, Britain’s Office for National Statistics said on Thursday. That was offset by falls of 0.5% in production and 0.8% in construction. The Office for National Statistics (ONS) said scientific research was the biggest contributor to monthly growth, with output in the sector rising 5.1%.
Asian markets declined on Thursday as chipmakers stumbled ahead of result from bellwether Taiwan Semiconductor Manufacturing Co's (TSMC), the world's largest manufacturer of advanced AI chips.
Bonds, however, benefited from another benign reading on U.S. inflation that lessened the risk of an imminent rate hike.
In a related development, South Korea's central bank raised interest rates for the first time in three and half year period to 2.75% on Thursday to stabilise a slumping won and counter persistent inflationary pressure. The decision was largely as expected.
On the other side, oil prices kept climbing as hostilities heated up in the Middle East. Washington continued striking Iran after reimposing a naval blockade of its ports, while Tehran warned of an 'existential war' with America.
Overnight in the US, Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.
In regular trading, the Dow advanced 150.91 points, or 0.3%, to end the day at 52,659.18. The broad market S&P gained 0.4%, finishing at 7,572.43, and the tech heavy Nasdaq Composite rose 0.6% to 26,269.23.
A softer-than-expected U.S. producer price index added to optimism that inflation is cooling, helping lift equities and providing some comfort to investors that the Federal Reserve will keep key interest rates on hold.
The U.S. produce price index dropped 0.3% in June from 1.1% in May 2026.
Additionally, strong earnings from major financial firms reassured investors that earnings growth remains intact, despite easing inflation, while lower Treasury yields boosted demand for growth stocks, particularly mega-cap technology companies.
Market participants will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and corporate business updates, as well as the progress of the southwest monsoon for cues on market direction.
Auto, PSU Bank and private bank shares declined while IT, FMCG and pharma shares advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 247.97 points or 0.31% to 77,352.17. The Nifty 50 index fell 72.55 points or 0.29% to 24,144.60.
In the broader market, the BSE 150 MidCap Index fell 0.26% and the BSE 250 SmallCap Index dropped 0.49%.
The market breadth was negative. On the BSE, 1,340 shares rose and 1,628 shares fell. A total of 175 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,062.27 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,171.70 crore in the Indian equity market on 13 July 2026, provisional data showed.
Economy:
India’s retail inflation breached the Reserve Bank’s target for the first time in 17 months, government data showed on Monday, setting the stage for interest rate hikes in an economy at risk from a prolonged West Asia conflict.
The consumer price index rose to 4.38% year-over-year in June, up from 3.93% figure that was recorded in May. Inflation was led by higher fuel and food costs, which rose amid Iran war-driven supply disruptions and a delay in seasonal rains.
The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for the month of June was 5.32%, India’s Ministry of Statistics and Program Implementation said in a Monday release. Transport inflation rose 4.3% in June, quicker than the 1.75% rise in May.
ICICI Prudential Asset Management Company declined 1.43%. The company net profit rose 23.10% YoY and 25.45% QoQ to Rs 964.63 crore in Q1 FY27. Total income increased 18.10% YoY and 20.18% QoQ to Rs 1,745.02 crore in the June 2026 quarter.
HCL Technologies fell 1.85%. The company’s consolidated net profit increased 20.3% year-on-year and 3.0% quarter-on-quarter to Rs 4,624 crore in Q1 FY27. Revenue from operations rose 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, up 3.0% YoY but down 0.9% QoQ. Constant currency (CC) revenue declined 0.5% QoQ and increased 2.6% YoY.
Sun Pharma Advanced Research Company (SPARC) declined 2.49%. The company has appointed Anil Raghavan as its managing director (MD) and chief executive officer (CEO) , effective August 11, 2026.
Numbers to Track:
The yield on India's 10-year benchmark federal paper advanced 0.76% to 6.784 compared with the previous session close of 6.733.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.1300 compared with its close of 95.6800 during the previous trading session.
MCX Gold futures for 5 August 2026 settlement jumped 0.49% to Rs 1,40,970.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.07% to 101.17.
The United States 10-year bond yield rose 0.26% to 4.622.
In the commodities market, Brent crude for September 2026 settlement jumped $1.53 or 1.84% to $84.83 a barrel.
Global Markets:
Asian markets traded lower and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.
The latest escalation came after Iran and the U.S. exchanged airstrikes over the weekend. Tehran targeted U.S. facilities in several Gulf countries and declared the Strait of Hormuz closed, though Trump disputed that claim on Sunday, saying the key shipping lane remained open to commercial traffic.
Trump on Saturday ordered airstrikes on Iran after Tehran attacked a commercial vessel transiting the strait.
Markets were also rattled by hawkish comments on Monday from Federal Reserve Governor Christopher Waller, who said the U.S. central bank may need to raise interest rates 'in the near term' if coming data show inflation continuing well above the 2% target.
Overnight, stocks on Wall Street sold off and oil futures surged more than 9% as conflict between the United States and Iran re-ignited, once again throttling the flow of goods through the Strait of Hormuz.
The S&P 500 lost 0.79% to end the day at 7,515.34, while the Nasdaq Composite fell 1.55% to finish at 25,873.18. The Dow Jones Industrial Average settled down 138.37 points, or 0.26%, at 52,498.64.
All eyes now are on the U.S. CPI data that is due for release later on Tuesday, followed by comments from Fed Chair Warsh, who will deliver the central bank's semi-annual monetary policy report to Congress.
Several analysts have also lowered their expectations for India's IT services sector as global enterprises rein in non-essential technology investments. The growing adoption of advanced artificial intelligence is also seen reshaping traditional software services business models.
One foreign brokerage reiterated its 'underweight' rating, citing persistent weakness in discretionary spending and continued pressure in the telecommunications and manufacturing verticals. Another foreign brokerage maintained its 'underperform' rating, describing the unchanged revenue guidance as the key disappointment despite stronger-than-expected earnings and robust deal wins.
For the quarter ended 30 June 2026, HCL Technologies reported a consolidated net profit of Rs 4,624 crore, up 20.3% year-on-year and 3.0% quarter-on-quarter.
Revenue from operations increased 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, rising 3.0% YoY but declining 0.9% sequentially. On a constant currency basis, revenue fell 0.5% QoQ while growing 2.6% YoY.
EBIT increased 18.0% YoY, with the EBIT margin improving to 16.9%, up 56 basis points YoY and 39 basis points QoQ. Excluding restructuring costs, EBIT margin stood at 17.5%.
The company reported its highest-ever first-quarter net new bookings of $2.4 billion, compared with $1.936 billion in the previous quarter. Revenue from advanced AI services grew 62.1% YoY and 10.6% QoQ in constant currency.
The board declared an interim dividend of Rs 12 per equity share.
HCLTech maintained its FY27 guidance of 17.5%-18.5% EBIT margin and 1%-4% constant currency revenue growth.
Among business segments, IT & Business Services, which accounted for 75.1% of revenue, grew 4.2% YoY in constant currency. Engineering & R&D Services recorded 0.3% growth, while HCLSoftware revenue declined 5.3%.
By vertical, Public Services posted the strongest constant currency growth at 12.0%, followed by Retail & CPG (10.1%), Technology & Services (7.3%), Financial Services (5.3%) and Manufacturing (3.7%). Telecommunications, Media, Publishing & Entertainment declined 10.9%.
Geographically, the United States remained the largest market, contributing 56.0% of revenue and growing 2.9% YoY in constant currency. Europe contributed 27.6% of revenue with 0.1% growth, while the Rest of the World grew 10.8%. India, which accounted for 3.3% of revenue, recorded the fastest growth at 16.9%.
Commenting on the results, CEO and managing director C. Vijayakumar said the company delivered its highest-ever first-quarter net new bookings, driven by strong demand for AI-led transformation initiatives. He added that improving operational efficiencies and margin expansion position HCLTech to outperform the market over the medium term.
HCLTech is a global technology company providing AI, digital, engineering, cloud and software services across more than 60 countries. It serves clients across industries including financial services, manufacturing, healthcare, technology, telecom, retail and public services.
Going ahead, investors will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for cues on the market's near-term direction.
Realty, PSU Bank and auto shares declined while pharma and metal shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex declined 482.92 points or 0.62% to 77,132.94. The Nifty 50 index fell 133.05 points or 0.53% to 24,080.40.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.63% and the BSE 250 SmallCap Index declined 1.11%.
The market breadth was negative. On the BSE, 1,445 shares rose and 2,667 shares fell. A total of 189 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 2.74% to 13.65.
In the commodities market, Brent crude for September 2026 settlement added $2.90 or 3.48% to $86.20 a barrel.
India's wholesale price index (WPI)-based inflation rose to 9.87% in June 2026 from 9.68% in May 2026. According to the Ministry of Commerce and Industry, the increase in wholesale inflation was primarily driven by higher prices of food articles, mineral oils (including petroleum products), basic metals, and chemicals and chemical products.
The June 2026 wholesale inflation figures are based on the revised WPI series, with 2022-23 as the base year. The revised series, introduced by the government last month, aims to provide a more accurate representation of the current economic structure.
Bharti Airtel (up 2.02%), Cipla (up 1.66%), Hindalco Industries (up 1.42%), Sun Pharmaceutical Industries (up 1.31%) and Apollo Hospital Entrprises (up 1.28%) were the major Nifty50 gainers.
HCL Technologies (down 3.63%), HDFC Life Insurance (down 3.24%), Shriram Finance (down 2.67%), Indigo (down 2.65%) and Tata Motors Passenger Vehicles (TMPV) (down 2.19%) were the major Nifty50 losers.
HCL Technologies declined 3.63% after the IT major retained its FY27 revenue growth guidance, prompting concerns that enterprise technology spending remains subdued despite a strong quarterly performance. For the quarter ended 30 June 2026, the company reported a consolidated net profit of Rs 4,624 crore, up 20.3% year-on-year and 3.0% quarter-on-quarter. Revenue from operations increased 13.9% YoY and 1.8% QoQ to Rs 34,579 crore.
PDS surged 6.65% after the company announced that it had secured a multi-year Sourcing as a Service (SaaS) contract with the global sourcing arm of a leading French-headquartered supermarket group. Under the agreement, PDS will provide end-to-end sourcing and supply chain services through a dedicated operating subsidiary, supporting the retailer's textile sourcing strategy with a more agile sourcing model. The company expects to manage apparel sourcing valued at more than $250 million in annual free-on-board (FOB) volume.
Plastiblends India jumped 4.67% after the company reported 67.6% rise in net profit to Rs 14.95 crore on an 11% increase in revenue to Rs 221.61 crore in Q1 FY27 as compared with Q1 FY26.
EMS declined 2.67%. The company has emerged as the lowest bidder (L-1) for a sewerage project awarded by UP Jal Nigam (Urban), Varanasi, with an estimated order value of Rs 105.82 crore. The scope of work includes construction of a 10 MLD sewage treatment plant (STP) with co-treatment facility, sewage pumping station (SPS), boundary wall, staff quarters, site development, laying of rising mains, sewer network and sewer house connections.
Welspun Corp added 1.96% after the company announced the receipt of fresh large orders for supply of pipes for Oil & Gas export projects, from its India facility, cumulatively valued at approximately Rs 1,400 crore.
Khaitan Chemicals & Fertilizers fell 4.39% after the company reported a 49.04% year-on-year decline in standalone net profit to Rs 10.91 crore for Q1 FY27, compared with Rs 21.41 crore in the year-ago period. Revenue from operations declined 6.09% YoY to Rs 220.03 crore during the quarter.
European market declined as higher oil prices again fueled investor fears of sticky inflation.
Asian markets advanced on Tuesday as investors shrugged off the ongoing US-Iran conflict. However, gains remained capped after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.