HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech’s revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
May 10, 2025