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IT firms face earnings pressure amid AI and geopolitical risks

after close1 source ↓written by the desknot a recommendation

The earnings outlook for HCL Technologies, Wipro, and Tech Mahindra is under scrutiny as macroeconomic uncertainty and the Iran conflict weigh heavily on sentiment. Concerns about AI's impact on traditional IT services have intensified, following Accenture's disappointing revenue forecast, which further pressured the NSE IT Index. Tata Consultancy Services managed to meet net income expectations through cost-cutting, but overall, discretionary IT spending remains under pressure.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Jul 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HCLTECH closed +4.9% on the day of the news, from ₹1,164.10 to ₹1,221.20; Nifty 0.0% over the same session; futures OI +0.3%.

Bulletin at 16:06 IST on 10 Jul 2026. Every change is measured from ₹1,164.10, the last close before it, on 10 Jul. Nifty 50 is measured over the same sessions.

  • HCLTECH close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HCLTECH closes around the bulletin against the close before the news, with Nifty 50 rebased to it103011641298axis spans 26%before the news · 10 Jul1164Nifty 50HCLTECHbulletinD0+1+3+56 Jul16 Jul27 JulFutures open interest, lotspeak 1.1 LReference close ₹1,164.10. 16 sessions from 6 Jul to 27 Jul; the price axis spans 26 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Jul₹1,164.10basebase
On the day13 Jul₹1,221.20▲ +4.9%0.0%+4.9 pp difference
+1 session14 Jul₹1,166.70▲ +0.2%▼ −0.6%+0.9 pp difference
+3 sessions16 Jul₹1,187.40▲ +2.0%▼ −0.6%+2.5 pp difference
+5 sessions20 Jul₹1,221.30▲ +4.9%▲ +0.1%+4.8 pp difference
Gap at the open, % · ₹
▼ −0.2%−2.10 on 13 Jul
Day's range, % · ₹
6.4%≈ 75 high to low
Volume on the day
2.01×the 20-session average
Futures OI on the day
▲ +0.3%+230 lots · long build-up · price +4.9%
Futures OI open, lots
92,00013 Jul · 28 Jul expiry
Futures premium, ₹
−17.40−1.4% to spot
Puts per call, by OI
0.61from 0.70 the session before
Max pain
1,150from 1,120 the session before

Source NSE UDiFF bhavcopy · HCLTECH on the desk →

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