HCL Technologies reported a 9.7% year-on-year decline in net profit for the first quarter of fiscal 2025-26, posting ₹3,843 crore, which led to the company's shares opening over 3% lower. The Q1 results fell below market estimates, prompting mixed reactions from analysts with some upgrading and others downgrading the stock. Despite HCLTech's underperformance, the broader Indian stock market showed resilience, with the Sensex rising by approximately 200 points to around 82,457 and the Nifty index climbing to about 25,151. Auto stocks were among the top gainers on the Nifty, led by Hero MotoCorp, which gained nearly 3% following its FY26 strategy announcement focused on global expansion and increasing market share. Bajaj Auto also saw gains of up to 4%, contributing to the positive momentum in two-wheeler stocks. Market sentiment was supported by easing retail inflation in June 2025 and largely positive global cues. Other companies in focus included Tata Technologies, Sun Pharma, Deepak Fertiliser, and several financial services firms scheduled to report earnings.
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#CNBCTV18Market | #HeroMoto is top #Nifty gainer as co looks to expand global presence & gain market share https://t.co/Pv7uRrZSKp