TCS & HCL Tech Q3 Earnings Expectations | D-Mart And IREDA Stocks In Action After Results

In this episode of "What's Hot" on Business Today, we highlighted the strong start to 2026 for precious metals, with gold reaching a record peak of around $4,563 per ounce globally and silver at $83.5 per ounce. These shiny metals continue their bullish run, driven by geopolitical tensions, central bank buying, and shifts away from the US dollar. Guest expert Abhishek Basumallick from Shree Rama Managers notes ongoing market volatility, with the Nifty dipping below 25,600 amid a 2.5% weekly decline and external shocks like US policy uncertainties and Middle East/Iran risks. He advises caution on silver but sees gold as supported by central banks, suggesting limited additions for portfolio diversification despite recent sharp rallies. The discussion shifts to Q3 earnings: Avenue Supermarts (DMart) delivered strong results with 13.3% revenue growth to ₹18,100 crore and 18% profit rise to ₹855 crore, aided by margin improvement and store additions. However, Basumallick remains skeptical due to quick commerce competition. For IT giants TCS and HCL Tech, expectations include modest growth, with focus on AI deals, client spending, and margins. He prefers mid-tier specialized IT firms over large caps. Overall, amid subdued markets and geopolitical noise, commodities like metals and oil offer opportunities, while earnings and the upcoming Union Budget will shape near-term sentiment.