IT stocks drag India benchmarks lower after HCLTech's weak forecast - Reuters
IT stocks drag India benchmarks lower after HCLTech's weak forecast Reuters
Coverage by Political Leaning
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Notable Quotes
"The declaration of an indefinite ceasefire by Trump and Iran's indifferent and suspect response to it means the uncertainty will continue."
— VK Vijayakumar , Executive
"HCLTech's FY2027 revenue growth guidance is lower than estimated due to a lower discretionary demand in telecom vertical, softer platform revenues and deferral of certain SAP programmes."
— Sumeet Jain , Academic
"HCLTech's FY2027 revenue growth guidance is lower than estimated due to a lower discretionary demand in telecom vertical, softer platform revenues and deferral of certain SAP programmes."
— Mridul Goenka , Academic
"I would indefinitely extend the ceasefire with Iran to allow for further peace talks."
— Donald Trump , Politician
"The Nifty IT Index declined amid cautious management commentary and conservative FY27 guidance."
— Vinod Nair , Executive
"The declaration of indefinite ceasefire by President Trump and Iran’s indifferent and suspect response to it means the uncertainty will continue."
— Dr. VK Vijayakumar , Executive
Key People
Former president of the United States known for his aggressive economic policies.
Dr. VK Vijayakumar is the Chief Investment Strategist at Geojit Investments.
Mridul Goenka is an analyst at CLSA.
Sumeet Jain is an analyst at CLSA.
Vinod Nair is the Head of Research at Geojit Investments.
Chief Investment Strategist at Geojit Investments.
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQYThmTWdEZ2dhQ24yTnRWN290bzBIeFJ2WEZLR1hFQmxPZzhwR1pPVUFiLWJhVk54S0ZKbkwzRlRPQkxjZHhiTG00OGdiMEtvQXprMGxRWUN1TC1SVWlqdDNqVEVpYV9JMEdSSGduWlJJQVpiWTZjYnJyWlIwZFg1cUZFTTREZUtUa3NXdWtIQXpLbUF1OTZ0Sl83REZxaS1FbEhPRUQycFZLa2lBU1h6VWpScTBvSWh4Q1JUZkRFbzJMZFE?oc=5" target="_blank">IT stocks drag India benchmarks lower after HCLTech's weak forecast</a> <font color="#6f6f6f">Reuters</font>
India's equity benchmarks fell on Wednesday, dragged by IT stocks after HCLTech forecast weak annual revenue growth, while investors assessed the outlook for U.S.-Iran peace talks following a ceasefire extension.
India's equity benchmarks fell on Wednesday, dragged by IT stocks after HCLTech forecast weak annual revenue growth, while investors assessed the outlook for U.S.-Iran peace talks following a ceasefire extension.
India's equity benchmarks opened lower on Wednesday after three consecutive sessions of gains, dragged by IT stocks after HCLTech forecast weak annual revenue growth and posted subdued results.
The Nifty IT index tumbled close to 4%, with HCL Tech emerging as the biggest drag, plunging nearly 10% after its Q4FY26 results failed to impress the Street.
Weak Q4 results from HCL Technologies sparked a ₹92,000 crore erosion in IT stocks, with Infosys and Tech Mahindra leading the sectoral decline.
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