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Gold prices decreased due to a stronger dollar and concerns of a global trade war. This followed U.S. President Donald Trump s imposition of tariffs on Canada, Mexico, and China. These tariffs include 25% on imports from Canada and Mexico, and 10% on goods from China. Retaliatory measures and countermeasures were announced by the affected countries.

Cryptocurrency prices declined as fears of a global trade war made investors wary and led to a shift away from risky assets. Bitcoin fell over 4%, while ether dropped around 12%. The recent tariffs imposed by U.S. President Donald Trump on imports from Mexico, Canada, and China intensified the uncertainty, impacting market sentiment and cryptocurrency values.

Earnings results for several companies, including Power Grid, Divi s Labs, and Tata Chemicals, will be released soon. Power Grid is expected to report modest growth, while Divi s Labs anticipates significant increases in net profit and revenue. Other notable companies announcing results are General Insurance Corp and Aditya Birla Capital. Stay tuned for important financial updates.

Malpani Pipes and Fittings IPO allotment will be finalized today, with a subscription over 140 times due to high demand from non-institutional investors. Investors can check allotment status via BSE or Link Intime India. The IPO, priced at Rs 90, aims to fund machinery purchases, debt repayment, working capital, and corporate purposes.

Investors have a last chance to qualify for upcoming dividend payouts from seven companies, including KPIT Technologies, by purchasing shares by today, as February 4 is the ex-dividend date. Notable interim dividends include Emami at Rs 4 per share and SRF at Rs 3.6 per share. Shareholder eligibility is determined by the record date, aligning with the ex-dividend date.

Shares of RedTape could garner more attention due to the company s announcement of a 3:1 bonus share issue, set for allotment on February 5. The stock saw a 7% increase on Saturday despite experiencing fluctuations over the past year. This marks RedTape s first issuance of bonus shares.

So, sectors like consumer durables, auto, consumer staples, consumer discretionary, they should perform well, which is what the shift you are seeing today in the markets too.

​The consumption multiplier is almost three times, that is what our economic research indicates that if surplus is X, the consumption multiplier would be 3X, so that is also another positive outcome of this reduction of taxation increased limit on the exempted tax

But I think the most important aspect for our sector is regulatory stability. And for better or worse, we have seen time and again many-many things that have significantly impacted the business model of our sector. We had the change in taxes.

Consumer-oriented stocks gained traction post-budget with Maruti Suzuki, Bajaj Finance, and Eicher Motors showing significant strength. Other stocks such as Laurus Labs, Havells India, Aditya Birla Fashion, Britannia Industries, and Jubilant FoodWorks are also expected to benefit from increased domestic consumption and positive technical indicators.