Indian Markets Set to Extend Rally on Positive Global Cues; HCL Technologies in Focus
Pre-Market Update: The Indian equity benchmark indices extended their winning streak for the sixth consecutive trading session on Tuesday. Early cues from Gift Nifty indicate that the bulls are likely to enjoy a strong opening on Wednesday. As of 7:45 AM, Gift Nifty was trading higher at 24,370, up by 193 points from the previous close.
This optimism persists despite the IMF's latest World Economic Outlook (WEO) trimming India’s growth forecast for the current fiscal to 6.2% and lowering its global trade outlook, amid rising concerns over the US tariff war. However, the bulls have shrugged off these concerns, taking comfort from the RBI’s April bulletin, which highlights that India stands to gain from global supply chain realignments, a broader base of FDI inflows, and increased engagement from global investors seeking resilience and scale—thanks to its well-established trade linkages.
Moreover, India is expected to be a major beneficiary of the ongoing US-China trade tensions. Adding to the positive sentiment, foreign institutional investors (FIIs) remained net buyers for the fifth straight session, with Tuesday’s net inflow amounting to ₹1,290 crore.
Stock in focus today is HCL Technologies. The company, founded by Shiv Nadar, reported a net profit of ₹4,307 crore for Q4FY25. For FY26, HCL Technologies expects overall revenue growth of 2–5% in constant currency, with services revenue also projected to rise in the same range. The company has guided for an EBIT margin between 18–19% for the full year.
Asian markets are showing positive cues for Indian equities, buoyed by easing concerns over U.S. monetary policy and trade tensions. Japan’s Nikkei surged 2.3% and South Korea’s Kospi gained 1.2%, while MSCI’s Asia-Pacific index (excluding Japan) edged up 0.3%.
U.S. stock markets rallied sharply on Tuesday, driven by strong corporate earnings and renewed hopes of progress in U.S.-China trade talks, boosting risk-on sentiment.
The momentum continued in after-hours trading following President Donald Trump’s clarification that he has no plans to remove Federal Reserve Chair Jerome Powell, softening his earlier stance.
The Dow Jones surged 1,016.57 points (2.66%) to close at 39,186.98. The S&P 500 rose 129.56 points (2.51%) to 5,287.76, while the Nasdaq gained 429.52 points (2.71%) to finish at 16,300.42.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only