Today: 30 April 2026
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NYSE:HCLTECH 14 October 2025 - 24 February 2026

India stock market today: Nifty, Sensex tumble over 1% as IT rout deepens on AI fears

India stock market today: Nifty, Sensex tumble over 1% as IT rout deepens on AI fears

The Nifty 50 fell 1.1% and the Sensex dropped over 1,000 points Tuesday, led by a 4.7% plunge in IT stocks to a 30-month low. Tata Consultancy Services, Infosys, HCLTech, and Wipro lost up to 6.1% amid AI disruption fears and a Jefferies downgrade. Market capitalization dropped by 3.5 trillion rupees. Textile exporters also declined after export incentive cuts.
HCL Tech’s AI-Powered Pivot Ignites Stock Rally – Brokers Say It’s Better Than TCS

HCL Tech’s AI-Powered Pivot Ignites Stock Rally – Brokers Say It’s Better Than TCS

HCL Tech reported Q2FY26 revenue of ₹31,942 crore, up 11% year-on-year, with net profit flat at around ₹4,235 crore, beating analyst estimates. AI services contributed $100 million, about 3% of revenue—a first for an Indian IT firm. New deal bookings rose 44% to $2.56 billion. The company raised its FY26 services revenue growth guidance to 4–5%.

Stock Market Today

  • Eaton (ETN) Share Price Gains vs Valuation: Is It Overvalued?
    April 29, 2026, 7:54 PM EDT. Eaton (ETN) shares have surged 41.3% over the past year, driven by its role in capital goods and electrical equipment sectors amid rising infrastructure interest. The stock closed at $410.77, up 25.5% year-to-date but down 0.7% over the past week. Despite robust returns, Eaton scored 2/6 on valuation checks. A Discounted Cash Flow (DCF) analysis projects intrinsic value at $283.53 per share, suggesting a 44.9% overvaluation relative to current prices. The DCF model uses projected free cash flows growing from $3.6 billion to $10.9 billion by 2035, discounted to present value. Investors should weigh Eaton's strong market position against stretched valuations, considering other metrics like price-to-earnings ratios to assess reasonable entry points.

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Soluna Holdings Stock Jumps After Sazmining Bitcoin Deal, Then SEC Resale Filing Lands

Soluna Holdings Stock Jumps After Sazmining Bitcoin Deal, Then SEC Resale Filing Lands

30 April 2026
Soluna Holdings filed to register the resale of about 2.46 million common shares, with no proceeds going to the company. The move follows Sazmining’s launch of a 3-megawatt Bitcoin mining operation at Soluna’s Project Dorothy 1B in West Texas. Soluna shares last traded at $1.28, up from a $1.08 Nasdaq sale price on April 28. The registered shares include 2.4 million issuable to YA II PN, LTD. via warrant exercise.
Brookfield Renewable Stock Drops 12% Before Q1 Results as BEPC Investors Brace for Friday

Brookfield Renewable Stock Drops 12% Before Q1 Results as BEPC Investors Brace for Friday

30 April 2026
Brookfield Renewable Corp’s NYSE shares fell 12.5% to $35.20 on Wednesday, with volume quadrupling the three-month average ahead of first-quarter results due Friday. The drop came despite a higher quarterly dividend and mixed analyst views. The company operates 47 GW of clean energy assets globally. Analysts expect a first-quarter loss of 33.92 cents per share on $1.62 billion in revenue.
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