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Wall Street s main indexes showed mixed performance on Tuesday, with gains in Coca-Cola and Apple countering losses in Tesla. Investors focused on Federal Reserve Chair Jerome Powell s remarks about economic strength and interest rates, while also anticipating potential new tariffs from President Donald Trump.

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Gold prices dropped slightly after reaching a record high due to U.S. President Trump s new tariffs and trade war fears. The market shifted focus to the upcoming U.S. inflation report. Investors are also anticipating data on the Consumer and Producer Price Indexes and testimony from Federal Reserve Chair Jerome Powell.

Dollar takes a breather ahead of US CPI

Updated at : 2025-02-12 08:20:02

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The dollar retreated from its recent highs as traders awaited U.S. inflation data and updates on trade tensions. Federal Reserve Chair Jerome Powell indicated no rush to lower interest rates. Concerns over retaliatory actions to U.S. tariffs left the market cautious.

Hexaware Technologies, delisted in 2020, plans to raise Rs 8,750 crore via an IPO, significantly surpassing TCS s record. The company has set a price band of Rs 674-708 per share and has garnered Rs 2,598 crore from marquee anchor investors before the issue opens. Analysts recommend subscribing for long-term gains.

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Benchmark indices fell over 1% due to ongoing foreign fund withdrawals and new US tariffs. Stocks like Vodafone Idea, IRCTC, and HAL saw declines of 4%, 3%, and 3.6%, respectively. Riyank Arora, a Technical Analyst, advises cautious trading with specified stop losses for these stocks, highlighting their current support levels and potential upward targets.

The third quarter earnings season sees key companies like Ashok Leyland, Siemens, and others announcing results. Ashok Leyland is predicted to witness a minor revenue decline while showing a profit increase. Siemens is expected to report significant growth in both revenue and profit, boosted by its Gas & Power and Mobility segments.

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Page Industries shares are in focus as today is the last day to qualify for an interim dividend of Rs 150 per share, with the record date set for February 13. The company expects to credit the dividend by March 7. Page Industries has declared significant dividends in the past year, offering a 1.83% dividend yield.

Ken Enterprises is set to debut on the NSE SME platform, with its IPO seeing a 4-times subscription led by retail investors. Funds from the IPO will be used for acquisitions, new machinery, and facility renovations. The company, known for its diverse fabric offerings, achieved a revenue of Rs 409 crore in FY24.

Amwill Healthcare s shares will debut on the BSE SME platform with an IPO price of Rs 111 each. The IPO saw moderate investor interest, driven by institutional support. Amwill focuses on derma-cosmetic products, outsourcing manufacturing and distribution to third parties. India’s $14 billion beauty industry is growing rapidly due to online sales and a trend toward personalised products.

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