Backed by weak closing on Wall Street, Asian indices closed bearish on the last trading session of the week as investors turned cautious on the rising number of COVID-19 cases across the world and its impact on economic recovery.

TCS's dividend is the major source of income for Tata Sons, the holding and the promoter company of the Tata group, to fund the investment and growth of other group firms

The dollar index, which measures the American currency's strength against a basket of major currencies, was at 96.8640, up 0.17 per cent

On Thursday, the Dow Jones Industrial Average fell 1.39% and the S&P 500 dropped 0.56%, but the tech-heavy Nasdaq rose 0.53% to its fifth record closing high in six days.

Stock Market LIVE Updates on July 10: Asian counterparts, bounced back from green and were trading back in negative territory, tracking losses from Wall Street

The pain of the COVID-19 pandemic and the performance of the company is broadly in line with what was envisaged, said the management

Traders said domestic markets followed optimistic sentiments from global equities, shrugging off concerns over the rising number of COVID-19 cases and its impact on economic recovery.

ICICI Securities expects dollar revenue to fall 5.5 per cent QoQ in constant currency terms to $5,122.8 million. The profit after tax (PAT) or net profit at Rs 7,846.7 crore, may come down 3.5 per cent YoY and 2.5 per cent QoQ

The rupee opened at 74.94 per US dollar, then gained further ground to touch 74.91 per dollar, up 11 paise over its previous close of 75.02 against the greenback on Wednesday

Stock Market LIVE Updates on July 9: Tata Steel, IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank were among the top gainers today. On the other hand, Maruti, Reliance Industries, TCS and Titan were among the laggards

Regular operations of the domestic airlines remained shut between March 25 and May 24 on account of a nationwide lockdown to curb the spread of the coronavirus pandemic

IndusInd Bank stock has gained 17.61%  in last three days. The large cap stock was top gainer on Sensex and Nifty

The rupee opened on a positive note at 74.88 at the interbank forex market, however lost ground soon and touched 74.98, down 5 paise over its last close of 74.93 against the US dollar on Tuesday

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Stock Market LIVE Updates on July 8: Bajaj Finance, Bajaj Auto, Asian Paints, HCL Tech and Zee Entertainment were among the top losers today on NSE, while IndusInd Bank, SBI, JSW Steel, Tata Steel and Vedanta were among the top performers.

Global equities were trading mixed today, with European stocks and Asian indices trading marginally in red as investors await interest rate decision from Reserve Bank of Australia.

\"Infosys' \"strong\" deal wins, multiple new geographies and limited exposure to service lines facing higher supply-side constraints will position the company to outperform its Indian peers on sales growth,\" GS added in its research note

Traders said despite foreign fund inflows that supported the domestic unit, factors like strong dollar, rising COVID-19 cases and mixed global equities dragged down the local unit