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Nifty snapped a five-day losing streak as financials and consumer stocks lifted sentiment. Technical indicators hint at a short-term recovery, though resistance remains. Analysts recommend BSE and Coal India, citing bullish breakouts and improving momentum.
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HCL Technologies announced a Rs 12 interim dividend for FY26 alongside Q3 results, as profit declined year-on-year despite strong revenue growth, steady sequential topline gains, and healthy constant currency expansion amid a cautious global IT spending environment.
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Indian markets snapped a five-day losing streak as financials and consumer stocks lifted indices. IEX, Hindustan Zinc, DMart and IREDA gained, while BHEL and Tejas Networks declined amid sector-specific triggers and earnings-led reactions.
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The Indian rupee closed nearly ‍flat on Monday, wedged ​between a broadly weaker dollar and steady hedging demand from ⁠domestic firms, while optimism over U.S.-India trade talks offered some support to market sentiment. The rupee closed at 90.1525 per dollar, little changed from 90.1625 in the previous session.
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TCS declared a Rs 57 per share dividend, including a Rs 46 special payout, supported by strong cash flows. Despite modest revenue growth and lower profit, stable margins and rising AI-led services continue to underpin long-term strategy.
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HCL Tech Q3 Results: HCL Technologies on Monday reported an 11% YoY fall in its December quarter consolidated net profit at Rs 4,076 crore compared to Rs 4,591 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.
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