Stock markets tumble in early trade amid escalating tensions in West Asia, higher oil prices The Indian stock markets experienced a sharp decline in early trading on Wednesday, September 9, 2026, as escalating geopolitical tensions in West Asia pushed global crude oil prices to near $100 per barrel. The 30-share BSE Sensex fell 500.25 points to 75,060.61, while the 50-share NSE Nifty dropped 129.40 points to 23,506.10. The downturn was driven by heightened fears of disruptions to energy supplies, with Iran-backed Houthi attacks on Saudi infrastructure and the U.S.-Iran conflict intensifying concerns over regional stability. Selling pressure in information technology stocks and significant outflows by foreign institutional investors further dampened investor sentiment. Among the Sensex constituents, HCL Tech, Tech Mahindra, Infosys, Tata Consultancy Services, and Hindustan Unilever were the top losers, while NTPC, Larsen & Toubro, Power Grid, and Adani Ports saw gains. Analysts highlighted the broader economic implications of sustained high oil prices, warning that costs around or above $100 per barrel could exacerbate inflationary pressures, weaken the rupee, strain the current account, and squeeze corporate margins. This, in turn, could delay expectations of monetary easing in India. Brent crude, the global oil benchmark, rose 1.44% to $99.33 per barrel, reflecting heightened risk premiums amid ongoing hostilities. Radhakrishnan, founder and CEO of HST Wealth, noted that elevated oil prices would likely remain a key drag on domestic market sentiment, even as global economic conditions improve. Similarly, Ponmudi R of Enrich Money emphasized that geopolitical tensions in West Asia would keep volatility in global financial markets high, with WTI crude trading in the $94-$95 range.#bse_sensex #nse_nifty #west_asia #hcl_tech #tech_mahindra
HCL Tech Q4 Preview: Will Growth Surprise Investors After Weak Wipro Earnings? HCL Technologies is set to report its March quarter results, with analysts anticipating a mixed performance. While the company is expected to deliver steady year-on-year revenue growth, a sequential decline is likely due to seasonal softness in its software business and margin pressures from wage hikes and restructuring costs. The results, to be announced on Tuesday, come amid weak earnings from peer Wipro, which has raised questions about the broader IT services sector. Revenue growth for HCL Tech is projected at around 14% year-on-year, based on estimates from seven brokerages, with profit after tax likely to rise approximately 9% YoY. However, sequential performance is expected to weaken, with most analysts factoring in a decline in constant currency (CC) revenue for the quarter. Brokerages such as Emkay, Jefferies, and Kotak Institutional Equities anticipate a 0.8% to 1.7% drop in CC revenues compared to the previous quarter. This decline is primarily attributed to the seasonal slowdown in HCL Tech’s high-margin software business, which typically sees a sharp drop in the March quarter after a strong December period. Jefferies estimates a 1.6% sequential decline in CC revenue, driven by a steep 22% drop in the software segment, partially offset by modest growth of about 1% in the services business. Similarly, Motilal Oswal expects an overall revenue decline of 0.9% QoQ CC, again dragged by a roughly 23% drop in product revenues. Despite this, the services segment, which forms the core of HCL Tech’s business, is expected to remain resilient. Most brokerages are building in 1-1.5% sequential growth in IT services and ER&D, supported by steady deal ramp-ups and stable demand in key verticals such as BFSI and high-tech.#motilal_oswal #wipro #jefferies #kotak_institutional_equities #hcl_tech
Stock markets rally for fourth day; Sensex jumps over 500 points The Indian stock market benchmark indices, the Sensex and Nifty, recorded a significant upward movement on Tuesday, April 7, 2026, marking the fourth consecutive day of gains. The 30-share BSE Sensex surged 509.73 points, or 0.69%, to close at 74,616.58, driven by a combination of factors including a decline in global crude oil prices and a rally in international markets. The index had earlier hit a high of 74,686.32 and a low of 73,282.41 during the trading session, reflecting volatility. The Nifty 50 index also climbed 155.40 points, or 0.68%, to end at 23,123.65. The rally was fueled by a recovery in investor sentiment, with the IT sector playing a pivotal role. Major gainers in the Sensex included Tata Consultancy Services, HCL Tech, Infosys, Bharti Airtel, Sun Pharma, and Hindustan Unilever. Conversely, InterGlobe Aviation, Adani Ports, Mahindra & Mahindra, and Titan were among the underperformers. The drop in Brent crude, which fell 0.71% to $109 per barrel, contributed to the positive mood, as lower oil prices often ease inflationary pressures and boost market confidence. Analysts attributed the sharp intra-day recovery to short-covering activity and selective strength in specific sectors rather than broad-based buying. Hariprasad K., a research analyst at Livelong Wealth, noted that the Nifty reversed early losses to reclaim higher levels, highlighting the role of defensive sectors like IT in stabilizing the market. He emphasized that the rally was not driven by widespread optimism but rather by tactical moves and sector-specific performance. The global market environment also supported the Indian indices.#sensex #nifty_50 #indian_stock_market #tata_consultancy_services #hcl_tech
