08 Apr , 2026 By : Debdeep Gupta
Shares of HFCL Limited rose nearly 4% to Rs 75.51 in early Wednesday trade after its subsidiary secured a large order.
HTL Limited, a subsidiary of HFCL, has won orders worth around Rs 1,366 crore for the supply of optical fiber cables (OFC), according to a regulatory filing.
The contract involves supplying OFC as per customer specifications and is scheduled to be executed by December 2026. The total order value includes applicable GST, the company added.
Markets surge at open on ceasefire boost, oil slump
Indian equity benchmarks opened sharply higher on Wednesday, with the Sensex jumping over 2,500 points and the Nifty 50 rising more than 750 points, as a US-Iran ceasefire sparked a global risk-on rally and crude oil prices cooled significantly.
At 9:16 am, the Sensex was up 2,563 points, or 3.4%, at 77,178, while the Nifty surged 754 points to 23,877. Market breadth was firmly positive, with 2,534 stocks advancing against just 166 declines. The strong start extends gains after four consecutive sessions of advances through Tuesday.
The rally was driven by a sharp improvement in global sentiment after the United States and Iran agreed to a two-week ceasefire, easing fears of further escalation in the Middle East and lifting investor confidence.
A key catalyst was the steep correction in Brent crude, which fell to around $94-95 per barrel after previously surging above $115. The decline in oil prices is particularly supportive for India, helping ease inflationary pressures and strengthening the broader macroeconomic outlook.
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