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.

HCL Technologies reported FY26 Q1 results, with net profit up 20% year on year to Rs 4,624 crore and revenue rising 14% to Rs 34,579 crore, while operating margin improved to 16.9%. The company kept its FY27 revenue growth guidance of 1-4% and EBIT margin guidance of 17.5-18.5%, and announced a Rs 3,500 crore investment in an AI data centre. Broker views diverged, with Citi cutting the stock to Sell, Nomura maintaining Buy and raising its target to Rs 1,290, while CLSA, Goldman Sachs and HSBC stayed broadly cautious and neutral.

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.

Mylan, now part of Viatris, plans to sell its entire Biocon stake via a block deal of up to 9.2 crore shares, representing 5.64% of the company, valued at up to Rs 3,481 crore. The deal is pitched at a floor price of Rs 378.50 per share, a 7.9% discount to the prior close. Citigroup Global Markets India and Jefferies India are joint bookrunners, and the sale comes ahead of Biocon’s Q1 results.

Tata Power Co. is in talks with banks to raise at least $450 million through a five-year offshore loan via the external commercial borrowing (ECB) route. The financing would be secured by shares the company holds in its subsidiaries in Indonesia and Singapore. Discussions are at an early stage and key terms, including pricing, are not yet finalized. The funds are intended to support routine operations, optimize the debt profile and bolster liquidity for heavy capital spending over the next three years, with a focus on renewable energy as well as transmission and distribution.

Tata Consultancy Services has announced an interim dividend of Rs 12 per share, with July 15 (Wednesday) set as the record date. Under SEBI’s T+1 settlement cycle, investors must buy the stock by the close of July 14 (Monday) for the shares to be credited in time to qualify. The payout is TCS’s fourth dividend this year, taking distributions so far in 2026 to Rs 100 per share and implying a dividend yield of more than 5% at the current market price. In Q1 FY27, TCS reported 5% YoY growth in net profit and about 14% YoY revenue growth, and said its AI business had scaled to a $2.6 billion annualized revenue run rate.

Millworks Technologies Limited launched its BSE SME IPO on July 14, 2026, aiming to raise ₹160.33 crore through a book-built issue priced at ₹315–₹331 per share. Grey market demand has been strong, with the GMP at ₹390, implying about a 120% premium. The company also reported FY26 revenue of ₹148.77 crore and profit after tax (PAT) of ₹37.06 crore.

Welspun Enterprises said its subsidiary, Welspun Pune Shirur Projects, has signed a concession agreement with the Maharashtra State Infrastructure Development Corporation (MSIDC) and the Government of Maharashtra for the Rs 7,300 crore Pune-Shirur highway project. The contract will be executed under the design, build, finance, operate and transfer (DBFOT) model. The subconcession period is 29 years, including a four-year construction period from the appointed date, with extension provisions under the agreement.