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 after reports that the US administration is considering restrictions on Chinese data centre equipment imports. The proposed curbs could impact optical transceivers used in AI infrastructure. HFCLs planned ₹400 crore capacity expansion in optical fibre and cable manufacturing also gains attention amid rising demand from AI, data centres and telecom networks.