HCLTech reported first-quarter profit and revenue that beat expectations, but kept its fiscal 2027 constant-currency revenue growth guidance at 1%-4% and its EBIT margin guidance at 17.5%-18.5%. Several brokerages said the unchanged outlook underscores ongoing softness in tech spending by clients in financial services, telecom and manufacturing, alongside pressure from advanced AI tools. While bookings improved, the market read the steady guidance as confirmation that demand remains fragile.

Gold prices rebounded in early Tuesday trading after slipping to a two-week low in the previous session, as investors positioned ahead of June U.S. CPI data. Traders have increased bets on a September Federal Reserve rate hike, with the implied probability rising to around 76% from 57% a week earlier. Spot gold was quoted at $4,013.93 an ounce, while U.S. gold futures added 0.4%. Oil prices climbed on escalating U.S.-Iran tensions, but rate expectations continued to dominate bullion sentiment.

TSMC is expected to report second-quarter net profit of $19.65 billion, up 59% year on year, setting a record high for a fifth straight quarter. Revenue is projected to rise 36% from a year earlier, also beating expectations. Analysts attribute the momentum to sustained AI infrastructure spending that is lifting demand for advanced manufacturing and CoWoS packaging. They also expect TSMC may raise its full-year revenue growth guidance, currently set at "above 30%", and update its capital spending outlook.

Argentina’s YPF Electric Energy has filed for a U.S. initial public offering, seeking to list American Depositary Shares on the NYSE under the symbol “YLUZ.” For the three months ended March 31, the company reported revenue of $217.2 million, up 45.8% from $149 million a year earlier, and net profit of $66.5 million. Shareholder BNR Power Investments—owned by GE Vernova and China’s Silk Road Fund—is selling shares, meaning YPF Electric Energy will not receive any proceeds. Goldman Sachs, BofA Securities and Citigroup are serving as global coordinators.

The U.S. Securities and Exchange Commission has issued new regulatory interpretations requiring activist investors to disclose client identities in 13D filings and proxy statements, including special purpose “sidecar” vehicles set up for campaigns at specific companies. The guidance says clients who contributed more than $500 are considered “participants” and must be identified. The move increases transparency around activist strategies while adding compliance obligations, without citing any specific listed company or index change.

A renewed round of U.S.-Iran strikes, alongside Washington’s reimposed sanctions on Iranian oil exports, pushed Brent futures up 5% for the week. European equities snapped a four-week winning streak as technology shares fell, with ASML down 2.1% on the day. The NATO summit and Donald Trump’s trade threat toward Spain added to market jitters. Vodafone and easyJet rose on deal-related news, but overall risk appetite weakened.

Tata Consultancy Services said quarterly revenue beat market estimates, supported by higher IT spending from banking clients and foreign-exchange gains from a weaker rupee. Analysts said steady deal wins and rising AI revenue are improving visibility for a gradual earnings recovery. The update lifted TCS shares 3.3% in early trade.

Dr Reddy’s Laboratories is facing risks of delayed commercialisation and a possible loss of first-mover advantage after a disruption in the supply of its generic semaglutide. The stock fell 3% on July 10 to 1,230 rupees, the biggest decline on the pharma index (.NIPHARM). Analysts have flagged the possibility of short-term earnings downgrades.

Nifty 50 futures point to a higher open, extending a four-session advance that has lifted the index to a 10-week high. Sentiment has been supported by four straight sessions of net foreign buying, including 2.43 billion rupees on Monday, as well as strong first-quarter loan growth at banks. Titan said its consumer business grew 41% year-on-year in the first quarter, adding to upbeat pre-earnings updates. Brent crude held near $72 a barrel, while faster progress in monsoon rains also aided risk appetite.