Sensex, Nifty Open Lower; IT Stocks Tumble As TCS Disappoints

RTTNews | 4h 31min ago
Stocktwits
Sensex, Nifty Open Lower; IT Stocks Tumble As TCS Disappoints

(RTTNews) - Indian shares opened lower on Friday as U.S. President Donald Trump pushed through with his tariff agenda, fueling uncertainties around the global tariff war.

Weak Q1 results from TCS, India's largest software services exporter, also dampened investor sentiment.

Tata Consultancy Services fell 2.3 percent after it reported a 3.3 percent quarter-on-quarter decline in constant currency revenue, missing Street expectations. Peers Infosys, HCL Technologies and Wipro dropped 1-2 percent.

Tata Elxsi lost 3.8 percent after turning in yet another weak quarter.

IREDA slumped 4.6 percent as it reported a sharp deterioration in its asset quality.

Zee Entertainment Enterprises declined 2.6 percent after shareholders rejected a fundraising plan.

Hindustan Unilever jumped 5 percent. The FMCG giant announced that Priya Nair, currently heading Beauty & Wellbeing at Unilever, will take over as CEO and MD from August 1.

Anand Rathi Wealth surged 4.7 percent on reporting a 28 percent jump in Q1 net profit.

Stocktwits
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Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 27 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 55 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 32min ago
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