Market Highlights

---

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

---

February 16, 2022

• IT company Hexaware Tech to add 10,000 more to headcount in 2022
• IndiGo to upgrade navigation technology with NAVBLUE in its A320 aircraft
• More capital support to IDBI Bank may have adverse impact on LIC: DRHP
• Lenders expect to close Jaypee Infratech's debt resolution by March, in August 2017 under the bankruptcy code after it defaulted on Rs 22,600 crore of loans
• Paytm logs new record in lending business, strengthens payments leadership
• Nykaa's institutional investors against giving more rights to promoters
• Vedanta signs up with Foxconn to manufacture semiconductors in India
• IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22
• Macleods Pharma files DRHP for second largest IPO by drug co at Rs 5,000 cr
• Motherson Sumi, margin worries near term overhang for auto component maker
• SpiceJet back in black after 7 quarters, reports Rs 42.5-cr Q3 net profit
• SpiceJet posts standalone net profit of Rs 23 cr in Q3
• RailTel posts consolidated income of Rs 474.15 crore in Q3
• Future Retail's net loss widens by 26% to Rs 1,063 cr in December quarter
• Indian stocks still have a problem in terms of valuation compared to the performance that we have seen in this quarter. They have been hurt very badly due to demand compression due to high commodity prices
• Gold futures settled lower on Tuesday as investors chose to pick up riskier assets such as equities amid easing geopolitical concerns following news Russia is pulling back some troops from the Ukrainian border.
• Crude oil prices plunged sharply on Tuesday as worries about supply disruptions eased amid the de-escalation of tensions between Russia and Ukraine
• The rupee snapped its four-day losing streak to close 29 paise higher at 75.31 (provisional) against the US dollar on Tuesday, tracking a recovery in domestic equities and weakness of the American currency overseas.