Stock market dragged lower by sell-off in IT; Sensex down over 1,000 points
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
HCL Technologies announced its numbers after the close of market hours.
The one-time bonus will be paid to employees in February 2021, amounting to nearly $90 million plus payroll taxes in some countries.
HCL Technologies currently employs 1,600 people in major cities, including Canberra, Sydney, Melbourne, Brisbane and Perth.
The company's total revenue rose 6.1 per cent to Rs 18,594 crore in the quarter under review, from Rs 17,528 crore in the corresponding quarter in 2019.
The company had registered a net profit of Rs 2,220 crore in the same quarter last year.
IT firms like Wipro and Infosys have also suspended their practice of offering revenue growth forecast, while Cognizant had retracted its annual outlook for 2020.
HCL is aiming to attract specialist talent to develop local capabilities in the areas of infrastructure automation, blockchain and other emerging digital technologies.
HCL would be using Scale Digital methodology to help CA in uniting and inspiring the country’s cricket community with the help of advanced digital platforms.
