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Short bets were added to the options chain of information technology player HCL Technologies ahead of its June quarter earnings Monday. The company's results are expected to be underwhelming because of weakness in its IT services business, pressure on margins, and persisting macroeconomic uncertainty stemming from US tariffs, various broking firms said. With near-term headwinds likely to persist, analysts believe Indian IT stocks will continue to fall further. This was evident from the fall of IT stocks Friday after the earnings of industry giant Tata Consultancy Services, which said clients continue to delay decisions on discretionary spends.
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