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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.31per cent, higher at 17,373, signalling that Dalal Street was headed for a positive start on Thursday.
Asian stocks were mixed amid a volatile start on Thursday over renewed geopolitical concerns after American officials rejected Russia’s claims of removal of troops from Ukraine’s borders. Nikkei was fell 0.24%, Topix dropped 0.35%, Hang Seng rose 0.24% and CSI 300 was up 0.36%.
Indian rupee rose 26 paise to 75.07 against the US dollar on Wednesday.
Upcoming Earnings
Ambuja Cements, Nestle India and Veritas (India)
FII/DII Trading Data (16-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 5879.05 | 7770.01 | (1890.96) |
| DII | 5334.3 | 4154.16 | 1180.14 |
| *All numbers are in INR crore | |||
Stocks in News Today
InterGlobe Aviation (IndiGo): The airline will seek shareholders’ approval for appointment of co-founder Rahul Bhatia as the Managing Director as well as for availing advisory services from Non-Executive Director Gregg Albert Saretsky. The remote e-voting process for the shareholders will be open from February 17 till March 18, according to a regulatory filing. The results of the postal ballot will be declared on or before March 20.
Vodafone Idea Ltd (VIL): The telecom operator said it has successfully demonstrated 5G Voice over New Radio (VoNR) capability with its technology partner Nokia, during the 5G trials currently underway in Gandhinagar, Gujarat. VIL said that the VoNR solution will enable it to offer subscribers high-definition voice experience over 5G, as well as several advanced voice applications and use cases in the future.
Wipro: The IT major has won a deal worth $150 million to drive transformation for ABB’s Information Systems digital workplace services. The agreement, which is for five years, will help ABB’s Information Systems deliver enhanced, consumer-grade digital experiences for its 105,000 employees in over 100 countries.
Tata Consultancy Services: India’s biggest IT exporter announced a partnership with MATRIXX Software to offer a comprehensive next-gen subscription management platform for communication service providers.
Future Consumer: The company has defaulted to service payment of Rs 21.18 crore principal and interest of Rs 5.49 crore on unlisted non-convertible debentures to CDC Emerging Markets Ltd.
Tata Motors: Jaguar Land Rover, part of Tata Motors, has formed a multi-year strategic partnership with Nvidia to jointly develop and deliver next-generation automated driving systems plus AI-enabled services.
Infosys: The IT major has been named a foundational partner for the launch of Google Cloud Cortex Framework. The company will help clients accelerate digital transformation and power new business capabilities with its market-leading data, analytics and AI expertise.
Meanwhile, the IT bellwether may hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, a top executive said. The company’s chief executive Salil Parekh said there are tremendous opportunities awaiting engineering and science graduates in the tech sector, but they will have to learn new skills at shorter durations.
Cyient: The IT company said that it has launched the Private 5G Networks Centre of Excellence and signed a pact with the Indian Institute of Technology, Hyderabad, as a research partner for the centre. As part of the collaboration, Cyient will leverage a 5G core developed by IIT-Hyderabad for testing various digital use cases and interoperability with components.