HCL shares up by more than 0.9% today, on the back of US rate cut

HCL Technologies shares are gaining today. At 10:45 a.m. IST, 18^th September, 2025, its share price is up by 0.90%, trading at Rs 1,494.90. Nifty 50 index is up by 0.39% at this time. In the past 5 days, HCL’s stock has gained 1.36%. In the past 1 month it has gained 0.67%. Year-to-date (YTD) the stock has lost 21.81% in 2025. Benchmark Nifty 50 index has gained more than 7%, YTD, in 2025. So HCL’s shares have underperformed the Nifty 5 index by more than 28% in this year.

Nifty IT index is up by 1.03% at this time. YTD in 2025, Nifty IT index is down by 18.82%. HCL’s stock has therefore underperformed a large number of its industry peers this year.

US Federal Reserve cuts its benchmark interest rate by 25 basis points

HCL’s stock is gaining today, along with most other IT & software services stocks because of the interest rate cut announced by US Federal Reserve yesterday. It cut down its benchmark interest rate by 25 basis points or 0.25%, yesterday. It also indicated that it may go for two more interest rate cuts in 2025. This is expected to give a boost to the US economy. A stronger US economy is in the interests of HCL and other Indian IT companies. US companies are major customers of Indian IT companies. In a stronger economy, their spending on IT and software services of Indian companies will go up.

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Source: NSE