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Shares of HCL Tech shed 4.5 percent in the early trade on Friday after company is going to buy some of IBM software products.
IBM and HCL Technologies announced a definitive agreement under which HCL will acquire select IBM software products for USD 1.8 billion, company said in release.
: After a yesterday's declines benchmark indices started on positive note on Friday with Sensex is up more than 150 points.
At 09:17 hrs IST, the Sensex is up 165.44 points or 0.47% at 35477.57, and the Nifty up 37.10 points or 0.35% at 10638.30. About 465 shares have advanced, 128 shares declined, and 28 shares are unchanged.
IOC, HPCL, Hindalco, M&M, Dr Reddy's Lab, Vendata, ICICI Bank, Bajaj Auto and Sun Pharma are among major gainers on the indices, while HCL Tech, Yes Bank, Tata Motors, Gail India are trading lower.
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