Shares of Hexaware Technologies Ltd rose nearly 7 percent on June 29, emerging as the top gainer on the BSE Midcap index even as the broader market traded lower. The stock climbed as much as 6.7 percent to Rs 528 in early afternoon trade, taking its market capitalisation to about Rs 32,200 crore. However, it remains down 37.9 percent over the past one year, compared with a 6 percent decline in the Nifty 50.

The gains in the Hexaware Technologies stock came against a weak market backdrop. At 12:17 IST, the Sensex was down 286.42 points, or 0.37 percent, at 76,814.05, while the Nifty declined 74.75 points, or 0.31 percent, to 23,981.25. The broader market also remained under pressure, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.8 percent and 0.87 percent, respectively.

Investor sentiment was supported by Hexaware's announcement last week that it has been named an Anthropic Authorised Reseller for Amazon Bedrock., joining a select group of companies globally authorised to resell Claude AI models.

The partnership allows Hexaware to sell, integrate and support Claude models directly for enterprise clients worldwide, strengthening its AI-first strategy. The company said the collaboration would help expand AI deployments across use cases such as intelligent document processing, automated compliance, customer service, clinical data summarisation, supply chain intelligence and AI-assisted software engineering.

Hexaware added that the arrangement enables customised enterprise deployments, including domain-specific tuning and tailored prompts, while providing customers with a single commercial framework featuring consolidated billing, SLA-backed support and unified accountability.