Global markets showed mixed reactions to corporate earnings reports as technology and industrial sectors delivered contrasting performance updates.

In India, information technology stocks weighed on major market indices following disappointing guidance from HCLTech, one of the country's prominent IT services companies. The weak forecast contributed to broader declines in benchmark indices as investors reassessed the sector's near-term prospects.

Meanwhile, Swiss-Swedish industrial technology company ABB reported strong performance and raised its revenue growth guidance for the current period. The company now expects comparable revenue growth in the high single-digit to low double-digit percentage range, an increase from its previous forecast of 6% to 9%.

ABB's improved outlook reflects robust demand for its industrial automation and electrification products despite ongoing economic uncertainties in global markets. The company's revised guidance suggests continued strength in industrial spending across key markets.

The contrasting results highlight the varied performance across different sectors and regions as companies navigate changing market conditions and economic headwinds.