HCL Tech Share Price Live Updates: Strong performance from HCL Tech
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The Print
5 hours ago
- The Print
Stock markets close lower amid caution ahead of Q1 earnings; IT, oil shares drag
The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank were among the laggards. Bajaj Finance, Hindustan Unilever, UltraTech Cement and Power Grid were among the gainers. 'Indian key indices remained largely range-bound, while domestic consumption themes continued to anchor investor sentiment. Despite global trade tensions and commodity tariffs, investor focus is increasingly shifting toward domestic earnings and structural growth drivers, including a likely sequential recovery in urban demand and a pickup in infrastructure-led spending,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The US has extended the suspension of its April 2 reciprocal tariffs until August 1. Shares of mining giant Vedanta dropped 3.38 per cent to end at Rs 440.80 on the BSE after US short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be 'financially unsustainable' and posing a severe risk to creditors. Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd, as it released the 85-page report. Responding to the report, Vedanta in a statement said, 'The report is a malicious combination of selective misinformation and baseless allegations to discredit the Group'. 'Markets traded in a volatile but in a narrow range and ended marginally lower, extending the ongoing consolidation phase. While the tariff-related concerns linger, the focus now shifts to the earnings season, with IT major, TCS, scheduled to announce its results on Thursday, July 10,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The BSE SmallCap gauge climbed 0.45 per cent while midcap index dipped 0.05 per cent. Among BSE sectoral indices, oil & gas dropped the most by 1.41 per cent. Metal (1.41 per cent), realty (1.40 per cent), BSE Focused IT (0.80 per cent), teck (0.71 per cent) and IT (0.67 per cent) were among the losers. FMCG, auto, consumer durables, services, consumer discretionary and dinancial services were the gainers. 'Indian equity benchmarks ended lower on Wednesday as caution persisted amid uncertainty around the India–US trade deal and the kick-off of the Q1 earnings season,' Gaurav Garg, Lemonn Markets Desk, said. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled higher while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower. European markets were trading higher. The US markets ended on a flat note on Tuesday. Global oil benchmark Brent crude climbed 0.51 per cent to USD 70.51 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 26.12 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 1,366.82 crore. On Tuesday, the Sensex rose by 270.01 points or 0.32 per cent to settle at 83,712.51. The Nifty climbed 61.20 points or 0.24 per cent to close at 25,522.50. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
9 hours ago
- Time of India
HCLTech collaborates with Astemo Cypremos to drive autonomous vehicle ecosystem
Indian IT major HCLTech has entered into a multi-year partnership with Astemo Cypremos to develop autonomous and smart automobile ecosystem, it said in an exchange filing on Astemo Cypremos is a subsidiary of Astemo Ltd ., which specialises in software and cloud the collaboration, HCLTech will offer its software testing platform TestSphere, generative-AI-based service transformation platform AI Force, and cloud engineering solutions Cloud Bridge to reduce hardware dependency and speed up the creation of self-driving and driver-assist technologies for Astemo, the company autonomous and smart vehicle solutions will help millions of end customers across 150 countries, HCLTech said. Early pilot programs have demonstrated significant reduction in validation cycle times and enhanced return on investment, it added"With our integrated platforms and deep domain expertise, we are driving automotive innovation in collaboration with Cypremos, enabling the delivery of safer, smarter and more adaptive vehicles at scale,' said Masayuki Nakayama, senior vice president and country head of Japan at HCLTech secured an engineering services deal with Swedish truck manufacturer Volvo Group. The IT company will support Volvo Cars' future engineering goals from its Automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery Indian IT services provider also entered into a collaboration with OpenAI for large-scale enterprise adoption of AI solutions. It also expanded its partnership with cloud computing major Salesforce for enterprise adoption of agentic artificial intelligence (AI) services. The compoany has also entered a strategic alliance with AMD to accelerate enterprise digital transformation worldwide through advanced solutions in AI, digital and cloud.
The Hindu
10 hours ago
- The Hindu
Stock markets close lower amid caution ahead of Q1 earnings; IT, oil shares drag
Stock markets closed lower on Wednesday (July 9, 2025) due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21% to settle at 83,536.08. During the day, it lost 330.23 points or 0.39% to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18% to end at 25,476.10. From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank were among the laggards. Bajaj Finance, Hindustan Unilever, UltraTech Cement and Power Grid were among the gainers. 'Indian key indices remained largely range-bound, while domestic consumption themes continued to anchor investor sentiment. Despite global trade tensions and commodity tariffs, investor focus is increasingly shifting toward domestic earnings and structural growth drivers, including a likely sequential recovery in urban demand and a pickup in infrastructure-led spending,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The U.S. has extended the suspension of its April 2 reciprocal tariffs until August 1. Shares of mining giant Vedanta dropped 3.38% to end at ₹440.80 on the BSE after U.S. short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be 'financially unsustainable' and posing a severe risk to creditors. Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd, as it released the 85-page report. Responding to the report, Vedanta in a statement said, 'The report is a malicious combination of selective misinformation and baseless allegations to discredit the Group'. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled higher while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower. European markets were trading higher. The U.S. markets ended on a flat note on Tuesday (July 8, 2025). Global oil benchmark Brent crude climbed 0.51% to $70.51 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹26.12 crore on Tuesday (July 8, 2025), according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth ₹1,366.82 crore. On Tuesday (July 8, 2025), the Sensex rose by 270.01 points or 0.32% to settle at 83,712.51. The Nifty climbed 61.20 points or 0.24% to close at 25,522.50.
