By Malvika Gurung
Investing.com -- India’s largest IT company Tata Consultancy (NS:TCS) Services is set to release its financial earnings for the June ended quarter on Wednesday, kicking off the earnings season for the first quarter of the current fiscal year 2024.
Market heavyweight HCL Technologies (NS:HCLT) is also scheduled to release its earnings results for the June quarter on Wednesday.
The domestic market indices made a positive opening on Wednesday, tracking cues from a strong overnight session on Wall Street, along with mixed trade witnessed in Asian peers in early trade today, ahead of the US inflation print for June set to release later in the day.
At 9:32 am, benchmarks Nifty50 traded flat at 19,457.15 levels and Sensex advanced 49.94 points.
With the leading majors of the Indian IT sector kicking off the June quarterly earnings season, Vinod Nair of Geojit Financial Services has stated in a note sent to Investing.com that expectations for these earnings are muted with a focus on the sustenance of margin and improvement in long-term guidance.
Further, the leading financial services firm Anand Rathi Wealth (BO:ANAA) is also scheduled to release its Q1 FY24 earnings on Wednesday.
Other market players that will release their June quarterly earnings on July 12 include: