Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices

Shares of Sterlite Technologies and HFCL rallied 5% each on Wednesday after reports that the US administration is considering a ban on Chinese data centre equipment. "Transceivers definitely pose a risk," said expert Divyansh Kaushik. Meanwhile, HFCL also got attention for its planned ₹400 crore capacity expansion in optical fibre.