HEXAWARE TECHNOLOGIES
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities rallied over 1% on Thursday as the Federal Reserve held interest rates steady, crude prices eased and institutional buying strengthened sentiment. Sensex gained 905 points, while Nifty rose 238 points, adding nearly ₹5 lakh crore in market value.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
Stocks in news: Jio Platforms, RIL, Infosys, L&T, Tata Capital, Waaree Energies and Vedanta Iron
Indian benchmark indices saw a volatile session amid the Nifty and Bank Nifty monthly expiry. Stocks like Jio Platforms made headlines following its IPO debut after raising significant funds. Reliance Industries remained a focus as its financial results and fundraising plans were announced. Infosys successfully implemented a transformation project for Syngenta, enhancing operations and governance. Tata Capital reported a substantial profit increase, driven by loan growth and higher interest income.
Dividends & stock splits: L&T Tech, Shriram Finance among 24 stocks turning ex-record date this week. Do you own?
As many as 24 companies will turn ex-record date for dividends, stock splits and rights issues during the week starting October 26. Key names include Shriram Finance, CRISIL, Cyient, Chennai Petroleum and L&T Technology Services.
Ahead of Market: 10 things that will decide stock market action on Thursday
Sensex and Nifty ended above pre-closing auction session levels after extreme volatility, despite an Rs 8 lakh crore market selloff. Elevated crude prices, foreign investor outflows and weak market breadth kept sentiment cautious.
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Ahead of Market: 10 things that will decide D-Street action on Monday
Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied and crude prices eased. The rebound added more than Rs 4 lakh crore to BSE-listed companies’ market capitalisation, while positive market breadth favoured bulls.
Hexaware Technologies shares surge 11% on multi-year pact with Anthropic
Hexaware Technologies shares surged after the IT services firm announced a multi-year partnership with Anthropic to integrate its Claude AI models into its platforms. The tie-up will focus on enterprise AI solutions and deployments across IT operations and software engineering.
Gnani AI launches Ascent partner programme to scale sovereign AI across enterprises
Gnani AI has introduced the Ascent programme to assist enterprises in scaling sovereign AI across their operations. This initiative connects a variety of partners including technology firms and systems integrators for effective deployment. Ascent builds upon Gnani AI's sovereign AI stack, which supports multiple industry-specific applications.
Indian IT’s Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
As Indian IT firms gear up for their Q2 earnings report, the landscape appears mixed. Strong deal activity persists, yet clients are pushing for higher efficiency, leading to a notable decline in revenue growth. Large IT companies may witness their weakest growth in three years, primarily due to acquisitions rather than organic expansion. Infosys is under a microscope for possible downward adjustments to its revenue guidance.
IT companies forecast to post muted second quarter
Sector leader Tata Consultancy Services and its nearest rival, Infosys, are projected to report weak numbers for the three months ending September 30. Analysts tracked by ET on average forecast TCS to post organic revenue growth of 0.5% sequentially and 2.8% from a year earlier. They expect Infosys to report a 1.1% quarter-on-year and 0.2% year-on-year increase in organic revenue, which excludes income from acquisitions.
AI pressure, client caution cloud Indian IT earnings in September quarter
India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players, while even giants like Infosys may lower their projections.
Damani, Premji, LIC among big winners from NSE listing
The National Stock Exchange made a remarkable debut in the stock market, bringing considerable benefits to its investors. The Life Insurance Corporation of India leads the pack with an impressive valuation of around Rs 48,620 crore. Other major participants include Aranda Investments Mauritius and Stock Holding Corporation, each valued over Rs 20,000 crore.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yields, global uncertainty and foreign outflows pressured sentiment. Nifty breached 23,231 support, while 2,824 NSE stocks declined, signalling strong bearish market breadth.
Bitcoin trades near $77,000 range as investors await US Fed’s September rate decision
Bitcoin trades near $77,000 as investors await the US Federal Reserve’s September policy decision. Elevated bond yields, macroeconomic uncertainty and ETF outflows are weighing on sentiment, while key support and resistance levels could determine Bitcoin’s next major move.
Hexaware Technologies stock gains 5% on Project NANDA Fellowship collaboration to advance AI agents
Hexaware Technologies shares rose sharply on Tuesday after the company partnered with Project NANDA Fellowship, a global programme focused on developing open-source infrastructure for AI agents. The three-month fellowship will bring together developers, including Hexaware engineers, to work on agent discovery, identity and secure coordination within an open, decentralised Internet of AI Agents.
Motilal Oswal Digital India Fund NAV jumps 10% in five days. What’s driving the rally?
Motilal Oswal Digital India Fund’s NAV rose over 5% in five days, helped by its sizeable ESDS Software holding. The stock’s sharp post-listing rally has boosted the thematic fund, highlighting how concentrated positions can amplify NAV gains and volatility.
Quant Small Cap Fund exits SBI Funds Management, Jubilant FoodWorks and 4 other stocks in August
Quant Small Cap Fund, managed by Quant Mutual Fund, exited six stocks and added four new names in August 2026. The fund increased exposure to 12 stocks while reducing holdings in seven others. Its portfolio stood at 104 stocks, with HFCL commanding the highest allocation at 6.70%. The fund’s AUM rose to Rs 35,557 crore during the month.
ESDS rally sparks 5.19% NAV jump in Motilal Oswal Digital India Fund
A recent IPO listing significantly boosted the Motilal Oswal Digital India Fund's net asset value. ESDS Software's stock more than doubled on its market debut, contributing to the fund's gain. This sharp rise in the fund's NAV is considered rare for diversified equity schemes. The fund manager noted the strong performance of an anchor allocation from the IPO. Future NAV increases are possible as ESDS Software continues its upward trend.
Hexaware names Vivek Jetley as next CEO as Ramakarthikeyan quits
In his resignation letter, Ramakarthikeyan said he was leaving the position to pursue his personal interests. He will become a senior adviser to Hexaware from October 28 to support the leadership transition. Jetley will assume the role of the CEO on the same day, for a four-year term.
Stocks in news: Swiggy, Adani Ports, IDFC First Bank, Hexaware Technologies and Sun Pharma
Indian markets experienced a sharp decline on Wednesday due to global factors. Technical analysis suggests further downside potential for the Nifty index. Several companies like Swiggy and Adani Ports are in focus today. Hyundai Motor India aims to regain its market position with new launches. ONGC is reviewing its Venezuelan assets after receiving US approval.
Hexaware Technologies shares rally 5%; Motilal Oswal reiterates buy with target price of Rs 720
Hexaware Technologies shares rose on Monday after Motilal Oswal reiterated its Buy rating with a Rs 720 target, implying 35% upside. The brokerage highlighted the company’s AI strategy, including Zero License and token-based pricing models, while expecting delayed deal ramp-ups and AI-led opportunities to support stronger growth in CY27.
Buy, Sell or Hold? Morgan Stanley maintains buy on Vishal Mega Mart; Emkay Global initiates coverage on Urban Company
Brokerages see strong upside potential in Vishal Mega Mart, Urban Company and Hexaware Technologies, citing leadership continuity, service expansion and emerging technology opportunities. Morgan Stanley, Emkay Global and Motilal Oswal forecast potential gains of 41%, 20% and 35%, respectively.
Hexaware Technologies shares list at 5% premium over IPO price
Hexaware Technologies shares listed at a premium of 5.3% against an issue price of Rs 708. The IPO, with an overall subscription of 2.66 times, was entirely an Offer for Sale. Analysts recommend subscribing for long-term investment due to the company’s strong financial growth and AI-driven solutions. All proceeds go to selling shareholders.
Hexaware Technologies to list on bourses tomorrow. Here’s what GMP signals
Hexaware Technologies shares: The GMP, reflecting unofficial trading activity before the listing, is commonly used as an indicator of investor sentiment. A higher GMP indicates strong demand for the stock, while a lower or zero premium suggests cautious interest.
Hexaware Technologies IPO share allotment likely today: Check status, listing date and other details
Hexaware Technologies' IPO received a decent response with a subscription rate of just over 2 times. The company will finalise share allotment today. Despite a marginal GMP of Rs 1, Hexaware has shown consistent growth in recent years, increasing revenue significantly from Rs 7,178 crore in CY21 to Rs 10,380 crore in CY23.
Hexaware Technologies IPO subscribed 4% so far on Day 2: Check GMP, price band and other details
Hexaware Technologies IPO: Hexaware Technologies, delisted in 2020, is returning to public markets with an IPO aiming to raise Rs 8,750 crore through an offer for sale of 12.35 crore shares. The issue closes on February 14. Ahead of the opening, the company secured Rs 2,598 crore from anchor investors, including SBI MF, HDFC MF, Axis MF, ICICI Prudential MF, ADIA, and Goldman Sachs.
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