Sterlite Technologies shares rose nearly 5% after its subsidiary secured a multi-year optical connectivity supply agreement worth an estimated $1.11 billion from a global hyperscaler for AI-ready data centre projects in the US. The deal, spanning FY27–FY29, strengthens STL’s position in the growing AI infrastructure space and supports hyperscale data centre deployments with advanced networking solutions.
Macro headwinds are behind us; largecaps poised to outperform: Prashant Jain
India’s equity markets are poised for a positive turn as economic challenges recede, according to Prashant Jain. He highlights strong domestic fundamentals, improving external balances,
July 2, 2026