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IT majors slip after early gains as earnings optimism fades
Initial gains in HCLTech and TCS faded as investors focused on margin pressures and cautious guidance following quarterly earnings announcements.
HCL Technologies and Tata Consultancy Services shares slipped into negative territory after opening higher, as investors digested Q3 earnings and management commentary. While revenue performance remained steady, concerns around margin pressures and cautious near-term guidance weighed on sentiment.