* Shares in India's Hexaware Technologies Ltd gain 1.2
percent after Macquarie and Bank of America-Merrill Lynch
upgrade their ratings on the stock, citing expectations earnings
will recover this year and valuations.
* Bank of America-Merrill Lynch upgrades the software services
provider to "buy" from "neutral", while Macquarie upgrades its
rating to "outperform" from "underperform".
* Hexaware reported a 25 percent fall in October-December
quarter net profit on Monday, but said sales grew 16.2 percent.