Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The investment forms part of Sarvam AI's $300 million Series B funding round. The company said it has raised $234 million in the first close of the round at a post-money valuation of $1.5 billion, with HCL Tech participating as the lead strategic investor.
Sarvam AI develops foundation models and AI products across text, speech, vision and document processing. The company focuses on sectors such as banking, insurance, government technology and defence. It reported unaudited revenue of Rs 45.1 crore in FY26, compared with Rs 1.5 crore in FY25.
HCL Tech said the investment will support Sarvam AI's research and development efforts, including the training of next-generation AI models for agentic AI, coding and cybersecurity applications. The partnership is also expected to help HCL Tech develop industry-specific AI models and sovereign AI solutions for enterprise and government clients.
The company said the collaboration will strengthen its AI offerings by combining HCL Tech's enterprise expertise and global customer relationships with Sarvam AI's model development and infrastructure capabilities.
HCL Technologies is a global technology company. It delivers capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.
The company reported 6.4% fall in consolidated net income to Rs 4,488 crore as revenues rose by 0.3% to Rs 33,981 crore in Q4 FY26 as compared with Q3 FY26. For FY27, the company expects revenue to grow by 1.0% to 4.0% YoY while the Services revenue growth is expected to be between 1.5% and 4.5% YoY in CC terms.
Market participants will continue to monitor monsoon progress, foreign institutional investor (FII) activity, and inflation trends for further directional cues. The Nifty touched the 24,000 mark in late trade but pared some gains before the close, ending comfortably above the 23,950 level.
Realty, IT and media shares advanced while metal, auto and pharma shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 544.15 points or 0.71% to 76,808.48. The Nifty 50 index climbed 135.25 points or 0.57% to 23,989.15. In the three consecutive trading sessions, the Sensex and Nifty rallied 4.03 and 3.57%, respesctively.
In the broader market, the BSE 150 MidCap Index gained 0.33% and the BSE 250 SmallCap Index added 0.48%.
The market breadth was strong. On the BSE, 2,382 shares rose and 1,867 shares fell. A total of 180 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 6.89% to 13.36.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.5650 compared with its previous close of 94.5800 during the previous trading session.
In the commodities market, Brent crude for August 2026 settlement declined $1.72 or 2.07% to $81.45 a barrel.
Buzzing Index:
The Nifty Realty index rallied 2.26% to 818.10. The index climbed 10.06% in the three consecutive trading sessions.
Aditya Birla Real Estate (up 6.24%), Brigade Enterprises (up 5.52%), Prestige Estates Projects (up 3.36%), DLF (up 2.59%), Oberoi Realty (up 2.34%), Lodha Developers (up 1.97%), Sobha (up 1.71%), Godrej Properties (up 1.69%), Phoenix Mills (up 1.26%) and Anant Raj (up 0.63%) surged.
Stocks in Spotlight:
Shares of HCL Technologies rallied 3.65% after the company announced a strategic investment of Rs 1,427.25 crore in Bengaluru-based artificial intelligence startup Sarvam AI. The investment forms part of Sarvam AI's $300 million Series B funding round. The company said it has raised $234 million in the first close of the round at a post-money valuation of $1.5 billion, with HCL Tech participating as the lead strategic investor. The company will acquire a 10.46% stake in Sarvam AI through the purchase of 41,421 equity shares. The transaction, which is expected to be completed within two weeks, will be entirely funded through cash consideration.
Adani Ports and Special Economic Zone (APSEZ) rose 0.88% after the company said that it has expanded its strategic partnership with Kaleris to drive next-generation capabilities across its ports and logistics network. The partnership is part of its broader 2030 objectives involving an outlay of $850 million towards decarbonisation, technology upgrades and an ambitious one billion tonnes of cargo handling capability per annum.
Godavari Biorefineries rallied 5.58% after the company announced that the japanese patent office had granted a patent for its invention, 5-Hydroxy-1,4-Naphthalenedione, for use in the treatment of cancer. According to the company, the patent covers a novel class of compounds that have demonstrated strong inhibitory effects on cancer cells and cancer stem cells. The compounds have shown significant efficacy against multiple cancer types, including breast and prostate cancer, highlighting their potential therapeutic applications.
Amir Chand Jagdish Kumar (Exports) added 0.66% after the company announced that Al Tasnim Group, one of the leading food distribution companies in the Sultanate of Oman, will distribute Aeroplane Rice products in Oman. Through this partnership, Al Tasnim Group will leverage its extensive distribution network and market expertise to strengthen the presence of Aeroplane Brand products among consumers, retailers, and food service channels throughout the Sultanate.
Indian Railway Catering and Tourism Corporation (IRCTC) rose 1.09%. The company said Sudhir Kumar, GM (Finance), has ceased to be CFO, KMP and senior management personnel with effect from 15 June 2026.
Bandhan Bank rallied 2.70%. The bank said that its board has approved the proposal for sale of identified non-performing assets (NPA) that have principal outstanding amounting to Rs 303.74 crore to asset reconstruction companies. In a regulatory filing made post market hours on Monday (15 June 2026), the private sector lender informed that its board of directors has approved the proposal for sale of identified Non-Performing Assets ('NPA‘) with more than 180 Days Past Due (‘DPD’), pertaining to the Housing Finance Portfolio of the Bank.
Dhanlaxmi Bank shed 0.28%. The bank has appointed Krishnakumar K as its chief financial officer (CFO) in the grade of General Manager, replacing Kavitha T.A. Krishnakumar is a Fellow Member of the Institute of Chartered Accountants of India and brings nearly three decades of banking and financial services experience. He spent 30 years at Federal Bank, including 22 years overseeing financial reporting and taxation functions, and retired as Executive Vice President.
Mini Diamonds (India) (MDIL) surged 7.93% after the company announced that it had secured a significant domestic order worth Rs 16.25 crore from Mumbai-based Aura Diamond for the supply of cut and polished natural diamonds. According to the company, the order was received on 16 June 2026 and is scheduled to be executed within four months from the date of the order. Payment for the consignment is expected to be made within 150 days from the completion of the order.
Inox Wind (IWL) rose 1.27% after the company announced that it has signed a memorandum of understanding (MoU) with Inox Clean Energy (Inox Clean) for the supply of 1,500 MW of wind turbines. Under the agreement, IWL will supply its 3.3 MW and 4X MW wind turbine generators for renewable energy projects being developed by Inox Clean across India.
Global Markets:
US Dow Jones futures were up 46 points, indicating a positive start for Wall Street later today.
European market advanced while Asian market ended higher on Tuesday as investors continued to assess the details of a potential deal between the U.S. and Iran to end the ongoing conflict.
Early this week, President Donald Trump announced that the U.S. and Iran had reached a deal to end the war in the Middle East.
Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland. A senior Trump administration official has reportedly said that the memorandum of understanding was already signed electronically on Sunday.
The president also said that the key Strait of Hormuz passageway would reopen on Friday, sending oil prices down nearly 5% on Monday. Vice President JD Vance reportedly said that the strait would “be opened in a toll-free way for the long term.”
Meanwhile, the Bank of Japan (BOJ) hiked the policy rates to 1.0%, this marks a 31-year high for interest rates. This is the BOJ’s first hike since December, when it raised rates to its current level of 0.75%, and the first time since 1995 that rates have been raised to 1%.
Further, China’s retail sales fell for the first time in more than three years in May, signaling a deepening economic slump, according to data released Tuesday by the National Bureau of Statistics.
Retail sales, a gauge of consumption, declined in May for the first time since December 2022, dropping 0.6% from a year earlier.
Industrial output was the lone bright spot, rising 4.5% in May to top widely reported estimates of 4.3% growth and rebounding from April’s near three-year low of 4.1%.
The Chinese national unemployment rate fell to 5.1% in May, compared with 5.2% in April.
The Reserve Bank of Australia held rates at 4.35% Tuesday, while stating that it was ready to hike to manage its mandate for price stability and full employment.
Overnight on Wall Street, stocks rose on Monday to kick off the holiday-shortened trading week as SpaceX extended its rally and after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran.
The Dow Jones Industrial Average added 468.77 points, or 0.92%, for a record close of 51,671.03. The 30-stock index also hit a new all-time intraday high during the session. The S&P 500 climbed 1.65% to 7,554.29, while the Nasdaq Composite popped 3.07% to end at 26,683.94.
As Canada prioritizes cybersecurity to protect enterprises and citizens in the digital age, the center addresses data sovereignty requirements, strengthening protection against ongoing risks through pre-emptive, resilient and locally supported cybersecurity capabilities.
Stephen Crawford, Minister of Public and Business Service Delivery and Procurement, said, 'The launch of HCLTech’s Cybersecurity Fusion Center in Mississauga is a strong step for Ontario’s leadership in cybersecurity and digital innovation. This investment will help protect Canadian businesses and infrastructure while creating good jobs and strengthening our digital economy.”
Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech, said, 'Our Cybersecurity Fusion Center in Mississauga reflects our strategic commitment to building resilient digital ecosystems for clients in Canada. As cyber threats grow more sophisticated in an AI-led landscape, this center strengthens our ability to deliver intelligence-led security operations that help enterprises anticipate threats, recover faster and build total resilience while contributing to Canada’s position as a global hub for cybersecurity and technology innovation.”
HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P).
The counter shed 0.39% to settle at Rs 1146 on the BSE.
HCL Technologies Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1138.9, down 1.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.HCL Technologies Ltd has lost around 4.69% in last one month.Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has eased around 3.33% in last one month and is currently quoting at 28653.55, down 1.05% on the day. The volume in the stock stood at 12.11 lakh shares today, compared to the daily average of 36.38 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1141.1, down 1.07% on the day. HCL Technologies Ltd tumbled 31.72% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index.
The PE of the stock is 25.02 based on TTM earnings ending March 26.
IT, consumer durables and auto shares advanced while pharma, media and oil & gas shares declined.
At 13:25 ST, the barometer index, the S&P BSE Sensex advanced 383.24 points or 0.52% to 74,650.78. The Nifty 50 index jumped 100 points or 0.43% to 23,480.65.
The broader market under performed the frontline indices. The BSE 150 MidCap Index rose 0.05% and the BSE 250 SmallCap Index added 0.03%.
The market breadth was positive. On the BSE, 2,038 shares rose and 1,997 shares fell. A total of 206 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 5.03% to 15.71.
In the commodities market, Brent crude for July 2026 settlement declined $1.35 or 1.42% to $93.63 a barrel.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.2200 compared with its close of 94.1900 during the previous trading session.
Gainers & Losers:
Tata Consultancy Services (TCS) (up 6.31%), Infosys (up 5.32%), HCL Technologies (up 3.72%) and Tech Mahindra (up 2.41%) were the major Nifty50 gainers.
NTPC (down 3.30%), Powergrid Corporation of India (down 1.87%), Cipla (down 1.50%) and Dr Reddy’s Laboratories (down 1.22%) were the major Nifty50 losers.
Ola Electric Mobility fell 0.99% after the electric vehicle maker announced the launch of a qualified institutions placement (QIP) to raise funds from institutional investors. The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53.
Suryoday Small Finance Bank (SFB) added 2.30% after the bank announced that its board is scheduled to meet on Thursday, 25 June 2026 to consider raising funds through mix of equity and debt instruments.
Atul Auto declined 1.18%. The company reported total vehicle sales of 3,236 units in May 2026, which is higher by 29.3% as compared with sales figure of 2,502 units recorded in May 2025.
Hero MotoCorp advanced 1.12% after the company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025.
Paras Defence and Space Technologies added 2.56% after it has received an order from Bharat Electronics (BEL) for the supply of electro-optics systems valued at approximately Rs 52.82 crore.
Authum Investment & Infrastructure fell 1.32% after the company announced the resignation of Amit Kumar Jha as chief financial officer (CFO), effective from the close of business hours on 1 June 2026.
Acme Solar Holdings jumped 7.77% after the company’s board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share. The floor price is at a discount of 4.16% to the scrip’s previous closing price of Rs 306.90 on the BSE.
European market advanced as investors await inflation data. The print will shed light on the impact the conflict in the Middle East.
Asian market traded largely lower on Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations.
U.S. President Donald Trump on Monday shrugged off the possibility that peace talks with Iran could fall apart, reportedly telling the media, 'I don’t care if they’re over, honestly.”
Trump was responding to a question about reports earlier Monday that Iranian negotiators were considering ending discussions with Washington and moving to “completely block” the Strait of Hormuz in response to Israel’s military campaign in Lebanon targeting the Iran-backed Hezbollah group.
When asked whether Iranian officials had informed him that they would no longer continue negotiations, Trump replied, 'No, they haven’t.'
Overnight on Wall Street, the S&P 500 rose even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.
The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.
HCL Technologies Ltd is up for a third straight session today. The stock is quoting at Rs 1207.6, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23532.8. The Sensex is at 74738.97, down 0.05%. HCL Technologies Ltd has gained around 0.59% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 29080.15, up 3.84% on the day. The volume in the stock stood at 27.77 lakh shares today, compared to the daily average of 34.02 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1215.9, up 3.49% on the day. HCL Technologies Ltd is down 25.98% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index.
The PE of the stock is 25.75 based on TTM earnings ending March 26.
HCL Technologies (HCLTech) announced an expanded collaboration with Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, to accelerate enterprise modernization by combining HCLTech AI Force and Pega Blueprint™. The collaboration empowers enterprises to rapidly transform legacy systems into agile, cloud native and AI-powered Pega applications — unlocking new levels of business agility, operational efficiency and innovation.
“Our long-standing partnership with Pega continues to inspire real innovation. By combining HCLTech AI Force with Pega Blueprint, we are making legacy modernization faster, smarter and more accurate. This solution reflects our vision to lead in AI-driven transformation and deliver genuine business value with minimal disruption,” said Sadagopan Singam, EVP, Global Head of Enterprise Platforms and Edge Services, Digital Business Services at HCLTech.
HCL Technologies Ltd is up for a third straight session in a row. The stock is quoting at Rs 1176.2, up 2.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 23727.6. The Sensex is at 75577.8, up 0.35%. HCL Technologies Ltd has dropped around 17.65% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has dropped around 7.11% in last one month and is currently quoting at 28389.8, up 3.35% on the day. The volume in the stock stood at 39.4 lakh shares today, compared to the daily average of 58.7 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1179.8, up 2.8% on the day. HCL Technologies Ltd is down 28.21% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
The PE of the stock is 24.94 based on TTM earnings ending March 26.
Infosys Ltd fell 1.87% today to trade at Rs 1219.35. The BSE Information Technology index is down 1.06% to quote at 28836.6. The index is up 0.73 % over last one month. Among the other constituents of the index, HCL Technologies Ltd decreased 1.79% and Aurionpro Solutions Ltd lost 1.79% on the day. The BSE Information Technology index went down 17.14 % over last one year compared to the 2.96% fall in benchmark SENSEX.
Infosys Ltd has lost 4.69% over last one month compared to 0.73% gain in BSE Information Technology index and 2.88% rise in the SENSEX. On the BSE, 2.1 lakh shares were traded in the counter so far compared with average daily volumes of 7.76 lakh shares in the past one month. The stock hit a record high of Rs 1727.85 on 03 Feb 2026. The stock hit a 52-week low of Rs 1198.8 on 24 Apr 2026.
IT shares tumbled after advancing in the past trading session.
At 10:25 IST, the barometer index, the S&P BSE Sensex declined 791.18 points or 0.99% to 78,492.51. The Nifty 50 index slumped 201.20 points or 0.82% to 24,369.70
In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index rose 0.28%.
The market breadth was positive. On the BSE, 2006 shares rose and 1,705 shares fell. A total of 218 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 6.41% to 18.66.
Earnings Today:
SBI Life Insurance Company (down 0.91%), Tech Mahindra(down 3.82%), Trent(down 0.91%), Bharat Coking Coal(down 0.25%), Delta Corp(up 3.63%), Havells India(up 0.02%), L&T Technology Services(down 1.77%), Oracle Financial Services Software(up 1.50%), Sangam India(up 8.51%), and Tata Communications (down 0.03%) will announce their quarterly earnings today.
The Nifty IT index declined 3.30% to 30,681.75. The index jumped 0.45% in the past trading session.
HCL Technologies (down 8.99%), Persistent Systems (down 3.51%), Coforge (down 3.2%), Infosys (down 2.7%), Tech Mahindra (down 2.59%), LTM (down 1.95%), Tata Consultancy Services (down 1.55%), Mphasis (down 1.25%) and Wipro (down 0.32%) declined.
Ajanta Pharma fell 1.31% after the company said the United States Food and Drug Administration (USFDA) has completed an inspection at its Paithan manufacturing facility in Maharashtra, conducted between 13 April and 21 April 2026.
Advait Energy Transitions jumped 4.57% after the company received an order worth Rs 27.74 crore from Power Transmission Corporation of Uttarakhand (PTCUL).
Tata Elxsi declined 4.65%. The company reported a 27.8% increase in net profit to Rs 220.35 crore in Q4 FY26, compared with Rs 172.42 crore posted in Q4 FY25. Revenue from operations increased 9.4% to Rs 993.75 crore in the quarter ended 31 March 2026, compared with Rs 908.34 crore recorded in the corresponding quarter last year.