HCL Tech jumps to over 12-1/2 yr high on H2 hopes
Reuters Market Eye - Shares in HCL Technologies(HCLT.NS) gain 1.8 percent, after earlier hitting a session high at 629.85 rupees, their highest since March 2000.
Gains come despite a 1.7 percent fall in the broader NSE IT sub-index on hopes the software services exporter is well placed to win deals in the infrastructure sector, as has been typical in recent years, traders say.
HCL Technology last month posted a 78 percent jump in July-September net profit from a year earlier.
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India threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts. Full Article