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IT, consumer durables and auto shares advanced while pharma, media and oil & gas shares declined.
At 13:25 ST, the barometer index, the S&P BSE Sensex advanced 383.24 points or 0.52% to 74,650.78. The Nifty 50 index jumped 100 points or 0.43% to 23,480.65.
The broader market under performed the frontline indices. The BSE 150 MidCap Index rose 0.05% and the BSE 250 SmallCap Index added 0.03%.
The market breadth was positive. On the BSE, 2,038 shares rose and 1,997 shares fell. A total of 206 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 5.03% to 15.71.
In the commodities market, Brent crude for July 2026 settlement declined $1.35 or 1.42% to $93.63 a barrel.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.2200 compared with its close of 94.1900 during the previous trading session.
Gainers & Losers:
Tata Consultancy Services (TCS) (up 6.31%), Infosys (up 5.32%), HCL Technologies (up 3.72%) and Tech Mahindra (up 2.41%) were the major Nifty50 gainers.
NTPC (down 3.30%), Powergrid Corporation of India (down 1.87%), Cipla (down 1.50%) and Dr Reddy’s Laboratories (down 1.22%) were the major Nifty50 losers.
Stocks in Spotlight:
Ola Electric Mobility fell 0.99% after the electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors. The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53.
Suryoday Small Finance Bank (SFB) added 2.30% after the bank announced that its board is scheduled to meet on Thursday, 25 June 2026 to consider raising funds through mix of equity and debt instruments.
Atul Auto declined 1.18%. The company reported total vehicle sales of 3,236 units in May 2026, which is higher by 29.3% as compared with sales figure of 2,502 units recorded in May 2025.
Hero MotoCorp advanced 1.12% after the company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025.
Paras Defence and Space Technologies added 2.56% after it has received an order from Bharat Electronics (BEL) for the supply of electro-optics systems valued at approximately Rs 52.82 crore.
Authum Investment & Infrastructure fell 1.32% after the company announced the resignation of Amit Kumar Jha as chief financial officer (CFO), effective from the close of business hours on 1 June 2026.
Acme Solar Holdings jumped 7.77% after the company’s board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share. The floor price is at a discount of 4.16% to the scrip’s previous closing price of Rs 306.90 on the BSE.
Global Markets:
European market advanced as investors await inflation data. The print will shed light on the impact the conflict in the Middle East.
Asian market traded largely lower on Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations.
U.S. President Donald Trump on Monday shrugged off the possibility that peace talks with Iran could fall apart, reportedly telling the media, 'I don’t care if they’re over, honestly.”
Trump was responding to a question about reports earlier Monday that Iranian negotiators were considering ending discussions with Washington and moving to “completely block” the Strait of Hormuz in response to Israel’s military campaign in Lebanon targeting the Iran-backed Hezbollah group.
When asked whether Iranian officials had informed him that they would no longer continue negotiations, Trump replied, 'No, they haven’t.'
Overnight on Wall Street, the S&P 500 rose even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.
The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.
HCL Technologies Ltd is up for a third straight session today. The stock is quoting at Rs 1207.6, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23532.8. The Sensex is at 74738.97, down 0.05%. HCL Technologies Ltd has gained around 0.59% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 29080.15, up 3.84% on the day. The volume in the stock stood at 27.77 lakh shares today, compared to the daily average of 34.02 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1215.9, up 3.49% on the day. HCL Technologies Ltd is down 25.98% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index.
The PE of the stock is 25.75 based on TTM earnings ending March 26.
HCL Technologies (HCLTech) announced an expanded collaboration with Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, to accelerate enterprise modernization by combining HCLTech AI Force and Pega Blueprint™. The collaboration empowers enterprises to rapidly transform legacy systems into agile, cloud native and AI-powered Pega applications — unlocking new levels of business agility, operational efficiency and innovation.
“Our long-standing partnership with Pega continues to inspire real innovation. By combining HCLTech AI Force with Pega Blueprint, we are making legacy modernization faster, smarter and more accurate. This solution reflects our vision to lead in AI-driven transformation and deliver genuine business value with minimal disruption,” said Sadagopan Singam, EVP, Global Head of Enterprise Platforms and Edge Services, Digital Business Services at HCLTech.
HCL Technologies Ltd is up for a third straight session in a row. The stock is quoting at Rs 1176.2, up 2.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 23727.6. The Sensex is at 75577.8, up 0.35%. HCL Technologies Ltd has dropped around 17.65% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has dropped around 7.11% in last one month and is currently quoting at 28389.8, up 3.35% on the day. The volume in the stock stood at 39.4 lakh shares today, compared to the daily average of 58.7 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1179.8, up 2.8% on the day. HCL Technologies Ltd is down 28.21% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
The PE of the stock is 24.94 based on TTM earnings ending March 26.
Infosys Ltd fell 1.87% today to trade at Rs 1219.35. The BSE Information Technology index is down 1.06% to quote at 28836.6. The index is up 0.73 % over last one month. Among the other constituents of the index, HCL Technologies Ltd decreased 1.79% and Aurionpro Solutions Ltd lost 1.79% on the day. The BSE Information Technology index went down 17.14 % over last one year compared to the 2.96% fall in benchmark SENSEX.
Infosys Ltd has lost 4.69% over last one month compared to 0.73% gain in BSE Information Technology index and 2.88% rise in the SENSEX. On the BSE, 2.1 lakh shares were traded in the counter so far compared with average daily volumes of 7.76 lakh shares in the past one month. The stock hit a record high of Rs 1727.85 on 03 Feb 2026. The stock hit a 52-week low of Rs 1198.8 on 24 Apr 2026.
IT shares tumbled after advancing in the past trading session.
At 10:25 IST, the barometer index, the S&P BSE Sensex declined 791.18 points or 0.99% to 78,492.51. The Nifty 50 index slumped 201.20 points or 0.82% to 24,369.70
In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index rose 0.28%.
The market breadth was positive. On the BSE, 2006 shares rose and 1,705 shares fell. A total of 218 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 6.41% to 18.66.
Earnings Today:
SBI Life Insurance Company (down 0.91%), Tech Mahindra(down 3.82%), Trent(down 0.91%), Bharat Coking Coal(down 0.25%), Delta Corp(up 3.63%), Havells India(up 0.02%), L&T Technology Services(down 1.77%), Oracle Financial Services Software(up 1.50%), Sangam India(up 8.51%), and Tata Communications (down 0.03%) will announce their quarterly earnings today.
Buzzing Index:
The Nifty IT index declined 3.30% to 30,681.75. The index jumped 0.45% in the past trading session.
HCL Technologies (down 8.99%), Persistent Systems (down 3.51%), Coforge (down 3.2%), Infosys (down 2.7%), Tech Mahindra (down 2.59%), LTM (down 1.95%), Tata Consultancy Services (down 1.55%), Mphasis (down 1.25%) and Wipro (down 0.32%) declined.
Ajanta Pharma fell 1.31% after the company said the United States Food and Drug Administration (USFDA) has completed an inspection at its Paithan manufacturing facility in Maharashtra, conducted between 13 April and 21 April 2026.
Advait Energy Transitions jumped 4.57% after the company received an order worth Rs 27.74 crore from Power Transmission Corporation of Uttarakhand (PTCUL).
Tata Elxsi declined 4.65%. The company reported a 27.8% increase in net profit to Rs 220.35 crore in Q4 FY26, compared with Rs 172.42 crore posted in Q4 FY25. Revenue from operations increased 9.4% to Rs 993.75 crore in the quarter ended 31 March 2026, compared with Rs 908.34 crore recorded in the corresponding quarter last year.
For the full year,net profit declined 4.30% to Rs 16642.00 crore in the year ended March 2026 as against Rs 17390.00 crore during the previous year ended March 2025. Sales rose 11.18% to Rs 130144.00 crore in the year ended March 2026 as against Rs 117055.00 crore during the previous year ended March 2025.
In dollar terms, the company has posted revenue of $3,682 million, down 2.9% QoQ. In constant currency (CC) terms, the revenue is lower by 3.3% on a sequential basis.
EBIT declined by 10.6% to Rs 5,620 crore in the fourth quarter of FY26 from Rs 6,285 crore recorded in the third quarter of the same year.
As compared with Q4 FY25, the company’s revenue and net income are higher by 12.3% and 4.2%, respectively.
The company’s ROIC, on LTM basis, was at 40.3% (up 235 basis points YoY) and that of the Services division was 47.0% (up 155 basis points YoY).
On LTM basis, HCL’s operational cash flow (OCF) was $2,252 million and the free cash flow was $2,092 million. FCF to net income ratio was at 107%.
The board of the company has declared a dividend of Rs 24 per share, marking it the 93rd consecutive quarter of dividend pay-out.
The company’s TCV of new deal wins for Q4 FY26 was $1,936 million.
With net additions of 802, the company’s total headcount stood at 227,181 as on 31 March 2026. LTM attrition rate was at 12.5%, down from 13.0% in Q4 of last year.
HCL Tech has recorded 0.2% fall in net income to Rs 17,361 crore despite a 11.2% increase in revenue to Rs 130,144 crore in FY26 as compared with FY25.
For FY27, the company expects revenue to grow by 1.0% to 4.0% YoY while the Services revenue growth is expected to be between 1.5% and 4.5% YoY in CC terms. It expects to clock an EBIT margin of 17.5% to 18.5%. C Vijayakumar CEO & managing director, HCLTech, said: “HCLTech delivered superior revenue growth of 3.9% in constant currency, 10 bps below our guidance and 17.2% operating margin within our guidance, in a year marked by uncertain demand environment.
During the quarter, our performance came below our expectations due to softness in certain parts of our business due to lower discretionary spend and delayed decision making.
Our new AI-led service offerings are getting traction in the market and is reflected in annualized Advanced AI revenues crossing $620 million in Q4.”
HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P).
HCL Technologies Ltd fell 8.66% today to trade at Rs 1316.7. The BSE Information Technology index is down 3.02% to quote at 29710.42. The index is up 5.78 % over last one month. Among the other constituents of the index, VL E-Governance & IT Solutions Ltd decreased 4.23% and Tech Mahindra Ltd lost 4.16% on the day. The BSE Information Technology index went down 11.32 % over last one year compared to the 0.77% fall in benchmark SENSEX.
HCL Technologies Ltd has lost 3.07% over last one month compared to 5.78% gain in BSE Information Technology index and 8.64% rise in the SENSEX. On the BSE, 2.5 lakh shares were traded in the counter so far compared with average daily volumes of 1.98 lakh shares in the past one month. The stock hit a record high of Rs 1770 on 03 Feb 2026. The stock hit a 52-week low of Rs 1275.7 on 16 Mar 2026.
The selloff followed HCL Tech's FY27 revenue growth guidance of 1% to 4% in constant currency, which came below market expectations. The company cited weak discretionary spending, delays in client decision-making and project ramp-downs.
Its Q4 performance also disappointed, with revenue and profit missing estimates and new deal bookings falling to a three-quarter low.
The weakness spread across the sector as investors took the company’s outlook as an indicator for peers, given the heavy dependence of Indian IT firms on global markets.
Market participants are now closely watching upcoming earnings from other IT majors for further cues on demand trends and growth outlook.