Indian shares look set to open on a sluggish note Friday after TCS and Tata Elxsi reported disappointing earnings results.
TCS beat revenue estimates for Q2FY26, but severance costs dented profit. Tata Elxsi reported a fourth straight quarter of widening profit fall as its key transportation business declined amid the impact of U.S. tariffs.
Benchmark indexes Sensex and Nifty rose around half a percent each on Thursday, after having snapped their four-day winning run the previous day. The rupee fell by 4 paise to close at 88.79 against the dollar.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.