News

Titagarh Rail to issue convertible warrants of ₹200 cr at ₹945/warrant to promoters on a preferential basis.

Sources Say

Sources Say

Thursday Trade

Fund Flow

FIIs Net Buy ₹77 Cr In Equities

DIIs Net Buy ₹920.83 Cr In Equities

FM on NBFCs

Earning Season kicks off with TCS- co expected to report 1.4% fall in CC revenue

Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. and its subsidiary Hindustan Zinc Ltd. fell as much as 7% on Wednesday, July 9, after a short-seller, by the name of Viceroy Research, has alleged material discrepancies in the group’s financials.

 #CNBCTV18Market | #GIFTNifty flat, indicates a muted start for the Indian market pic.twitter.com/Ett2G32cVZ

— CNBC-TV18 (@CNBCTV18Live) July 10, 2025

TRADE SET UP#TrumpTariffs | Another round of high #tariff letters disseminated by #DonaldTrump, Brazil hit the hardest with a steep hike, #Brazil’s Lula says, will respond using the reciprocity law

Track the map as the #TariffLetter pins cover the entire globe over the coming days in… pic.twitter.com/Qb0tnxlUk5

— CNBC-TV18 (@CNBCTV18Live) July 10, 2025

Shares of Asian Paints and Akzo Nobel will be in focus after as many as 17.9 lakh shares of Akzo Nobel India, worth ₹754 crore, changed hands in the large trade, according to data available.

Oil steadied as traders weighed a large increase in US crude stockpiles and a wave of new tariff rates from President Donald Trump.

Indosolar Limited, a subsidiary of Waaree Energies Limited, on Wednesday announced an Offer for Sale (OFS) of up to 10 lakh equity shares, representing 2.40% of the company’s total paid-up equity capital.

APAC Company XXIII Ltd is likely to offload 1.9% equity in Embassy Office Parks REIT through block deals, sources privy to the developments told CNBC-TV18. The total deal size is expected to be around ₹681 crore, sources in the know told CNBC-TV18.

Ontario Teachers’ Pension Plan Board has sold its majority stake in Sahyadri Hospitals Group to Manipal Hospitals, marking a full exit from the investment it made in 2022.

HCL tech

Q1FY26e QOQ

$ Rev up 0.9% at $3530m vs $3498m

Re Rev dn 0.7% at Rs 30200 cr vs Rs 30426 cr

EBIT at ₹5220 cr vs ₹5442 cr

EBIT % at 17.3% vs 17.9%

PAT dn 3% at Rs 4177 cr vs Rs 4307 cr

*** CNBCTV18 poll

CC rev growth dn 1.1%

Expect a muted quarter due to seasonal weakness in IT services business (pass through of annual productivity benefits)

Margins are likely to decline due to softness in revenue.

expect healthy TCV of deal wins in the $2-2.5 bn range

Current FY26 guidance: 2-5% rev and 18-19% margins

Some analysts believe co can raise lower of end of the guidance 2-5% becomes 3-5%

Aspirational margin range 19-20%

Key focus areas will be on FY26 revenue growth guidance, deal win trajectory and

discretionary spends outlook

Stk trades at PE of 22X

HCL tech

Q4FY25 QOQ

$ Rev dn 1% at $2398m vs $3533m

Rev up 1.8% at Rs 30426 cr vs Rs 29890 cr

EBIT % at 17.9% vs 19.5%

PAT down 6.2% at Rs 4307 cr vs Rs 4591 cr

CC revenue is down 0.8% QOQ and up 2.9% YOY

Titagarh Rail Systems is ramping up its presence in India’s rail transformation journey, with major manufacturing activity underway at its Uttarpara facility near Kolkata. From building lightweight metro coaches to preparing for the upcoming sleeper version of the Vande Bharat Express, the company is assembling some of the most advanced trains in the country.

Global markets are trying to stay steady amid rising uncertainty around trade policies, especially after US President Donald Trump announced steep new tariffs. These include a 50% duty on copper imports and a threatened 200% levy on pharmaceutical products. While India’s trade deal with the US is still pending, experts believe the focus should remain on long-term fundamentals.

Oil India Limited (OIL) and GAIL India Limited on Wednesday (July 9) signed a 15-year extension to their existing Gas Sale and Purchase Agreement (GSPA) for the supply of natural gas from OIL’s Rajasthan fields.

OPEC+, a coalition of some of the world’s top oil producers, surprised markets over the weekend with plans to boost production by more than half a million barrels a day. The increase comes at a time when investors are worried about oversupply, reported Bloomberg.

The Indian government is aiming to complete the stake sale in IDBI Bank by this October, according to sources. The development comes amid ongoing efforts to meet minimum public shareholding (MPS) norms across public sector banks (PSBs).

Shares of Life Insurance Company of India (LIC) will be in focus on Thursday, July 10, after government sources told CNBC-TV18 exclusively that there has been an approval granted for an Offer for Sale (OFS) for the company.

Finance Minister Nirmala Sitharaman on Wednesday called on India’s non-banking financial companies (NBFCs) to significantly scale up their role in the financial system, setting a bold target for the sector to disburse 50% of the credit currently handled by scheduled commercial banks by 2047.

Donald Trump’s threat to impose 50% tariffs on Brazilian goods sent the country’s currency plunging as the US leader sharply escalated a dispute with Latin America’s largest nation and leader, Luiz Inacio Lula da Silva.

RailTel Corporation of India, Ambuja Cements, Emcure Pharmaceuticals, Bharti Airtel, Life Insurance Corporation of India, Muthoot Capital Services, IDBI Bank, Enviro Infra, and more are the stocks to watch for in today’s trade.

The market appears to be in a wait-and-watch mode, seeking clarity from the US trade tariff developments and the start of the corporate earnings season, particularly from heavyweight names like TCS.

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