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HCL Technologies (HCLTech) announced that Wacker Chemie AG, a global chemicals and biotechnology company, has recently established a Global Capability Center in Pune, India in collaboration with HCLTech.
The GCC will support WACKER's engineering, IT and digital transformation initiatives. and provide a flexible, resilient and future-ready delivery foundation.
'This expanded engagement builds on the strategic partnership between WACKER and HCLTech and marks an important milestone in WACKER's digital transformation. We are proud to support WACKER's long-term digital and engineering transformation journey as a trusted partner,' said Dr. Frank Fehler, Executive Vice President and Country Head - Germany, HCLTech.
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central bank’s monetary policy outlook.
Buying interest was seen in IT, media and pharma shares, while FMCG, auto and realty stocks lagged.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 118.93 points or 0.15% to 77,049.29. The Nifty 50 index rose 5.75 points or 0.02% to 24,096.60.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.20% and the BSE 250 SmallCap Index jumped 0.33%.
The market breadth was positive. On the BSE, 2,146 shares rose and 1,975 shares fell. A total of 277 shares were unchanged.
Gainers & Losers:
Tata Consultancy Services (up 4.35%), HCL Technologies (up 3.27%), Tech Mahindra (up 3.22%), Infosys (up 2.93%) and Wipro (up 2.85%) were the top gainers.
Shriram Finance (down 1.32%), ICICI Bank (down 1.27%), Asian Paints (down 1.25%), Mahindra Ultratech Cement (down 1.20%) and Tata Steel (down 1.18%) were the top losers.
Stocks in Spotlight:
Tejas Networks jumped 8.65% and Tata Consultancy Services (TCS) gained 4.35% after Tejas Networks received a Letter of Intent (LoI) from TCS for supplying equipment for Bharat Sanchar Nigam’s (BSNL) 4G mobile network.
Great Eastern Shipping Company advanced 1.06% after the company’s board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the company’s total paid-up equity share capital as on 27 August 2026.
RailTel Corporation of India shed 0.05%. The company announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services.
Ather Energy surged 8.84% and Hero MotoCorp rose 1.52% after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares.
Yatharth Hospital & Trauma Care Services rose 1.15% after a report said Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain.
Wipro rose 2.43% after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI).
Global Markets:
European equities climbed alongside Asian stocks, with technology shares spearheading gains following Nvidia’s strong results and upbeat outlook.
Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up slightly from 1.7% in July and broadly in line with expectations. A measure excluding both fresh food and fuel was around 2%, keeping attention on the Bank of Japan's monetary policy outlook.
All three major US indices closed higher on Thursday, led by a sharp rally in technology stocks following Nvidia's results and upbeat revenue outlook. The Dow Jones Industrial Average rose 0.20% to 53,569.00, while the S&P 500 gained 0.72% to 7,730.99 and the Nasdaq Composite advanced 1.57% to 26,541.00. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for AI infrastructure. Salesforce jumped 22.6%, while CrowdStrike gained 20.5%, adding to the technology-led rally.
US initial jobless claims fell by 4,000 to 203,000 in the week ended August 22, compared with economists' expectations of 208,000, signalling continued resilience in the labour market. The data could reinforce the case for the Federal Reserve to remain cautious on rate cuts, particularly as inflation remains above its 2% target.
Separately, the US goods trade deficit widened sharply to $118.8 billion in July from the previous month, the widest gap since March 2025. Exports fell 2.9%, while imports rose 3.7%, with strong imports of capital goods linked to artificial intelligence investment contributing to the increase. The wider trade deficit could weigh on third-quarter economic growth.
Crude oil prices rose on Thursday after a media report said the Trump administration was not interested in returning to the terms of a June memorandum of understanding with Iran, raising doubts over efforts to ease supply disruptions around the Strait of Hormuz. Brent crude settled 2.1% higher at $89.70 a barrel. Oil prices, however, eased in early Asian trading on Friday.
Attention now shifts to Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. Investors will closely parse his comments for clues on the Fed's approach to inflation and interest rates, particularly as inflation remains above the central bank's 2% target and longer-term Treasury yields remain elevated.
HCL Technologies (HCLTech) has expanded its collaboration with NetApp, the Intelligent Data Infrastructure Company, to offer hybrid cloud storage-as-a-service (STaaS) to enable enterprises scale AI and data driven workloads. The solution provides a flexible, consumption-based model that supports AI and GenAI applications alongside traditional enterprise systems.
This solution integrates HCLTech's Utility for Everything (U4X) digital infrastructure framework with NetApp Keystone, the pay-as-you-go storage service, enabling organizations to align infrastructure with evolving workload requirements. It enables enterprises to scale storage, performance and data services on demand while supporting AI development, deployment and operations via HCLTech's AI Factory suite of offerings.
By combining HCLTech's consumption-led operating model with NetApp's data management capabilities, the offering helps accelerate the transition from AI pilots to enterprise-scale adoption. It strengthens data readiness and governance while enabling organizations to run workloads closer to where data resides, improving efficiency and time to-value.
Following the successful integration of HPE's Communications Technology Group (CTG) business in 2024, the completion of the Telco Solutions business acquisition represents the next milestone in HCLTech's telecom strategy. At a time when Communications Service Providers (CSPs) are accelerating investments in AI-driven network transformation, next generation infrastructure and autonomous operations, the acquisition expands HCLTech's capabilities to help clients modernize applications, adopt AI-led solutions and monetize networks.
By combining the expertise, talent, IP and solutions of CTG and Telco Solutions with HCLTech's engineering excellence, AI capabilities, managed services and more than 30 years of communications industry experience, HCLTech has created a differentiated proposition for CSPs. This strategic combination positions HCLTech to help CSPs accelerate AI-led autonomous operations from radio to core while capturing growth opportunities in network virtualization, convergence and modernization, multi-cloud, edge and datacenter networking, Network-as-a-Service (NaaS), private 5G and Telecom OEM ecosystem transformation.
HCL Technologies Ltd is up for a fifth straight session today. The stock is quoting at Rs 1342, up 1.77% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. HCL Technologies Ltd has gained around 25.21% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 20.37 lakh shares today, compared to the daily average of 46.94 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 1343.3, up 1.27% on the day. HCL Technologies Ltd is down 9.11% in last one year as compared to a 2.55% slide in NIFTY and a 12.23% slide in the Nifty IT index.
The PE of the stock is 19.67 based on TTM earnings ending June 26.
The Technology Center will complement HCLTech's proposed AI Data Center in the upcoming Odisha Sovereign AI Park. The Technology Center will house 5,000 people and is expected to start operations by 2028.
HCLTech's investment will not only contribute to direct and indirect employment but also boost the local talent ecosystem with focus on next-generation skills. Towards this, HCLTech plans to engage deeply with local educational institutions and the government through structured interventions.
HCL Technologies Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1234.5, up 1.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24172.8. The Sensex is at 77442.96, down 0.34%. HCL Technologies Ltd has risen around 9.2% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has risen around 4.76% in last one month and is currently quoting at 29161.85, down 0.75% on the day. The volume in the stock stood at 25.08 lakh shares today, compared to the daily average of 48.55 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1233.1, up 0.77% on the day. HCL Technologies Ltd is down 18.79% in last one year as compared to a 3.54% drop in NIFTY and a 21.48% drop in the Nifty IT index.
The PE of the stock is 18.21 based on TTM earnings ending June 26.