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European shares flat with focus on Trump's tariffs

Updated at : 2025-02-11 15:20:02

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European shares were largely unchanged on Tuesday after a record close in the previous session, with investors assessing the risks of an escalating trade war after U.S. President Donald Trump raised tariffs on metals.

Ajax Engineering’s IPO saw a 38% subscription by the second day, with retail investors subscribing 44%. The company aims to raise ₹1,269 crore via an offer for sale. Shares traded at a ₹8 GMP, reflecting a 1.3% premium.

The market continues to face pressure, with foreign institutional investors withdrawing over $20 billion since September. Earnings results for the December quarter were weak, with 42% of companies missing expectations, according to HSBC.

Kiyosaki, best known for his book Rich Dad Poor Dad, has been a strong advocate for Bitcoin, frequently promoting alternative assets as a safeguard against economic instability. He suggested that the Democratic Party s opposition to Bitcoin has hurt them politically, while highlighting that Trump has embraced the cryptocurrency community.

Infosys, Airtel among 5 stocks with long buildup

Updated at : 2025-02-11 14:20:02

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Indian equity indices fell for the fifth day, driven down by banking, auto, metal, and IT stocks. Contributing factors include U.S. trade policy, weak earnings, and foreign investor selling. President Trump s tariff hike on steel and aluminum, nervousness ahead of Fed Chair Powell’s testimony, and high U.S. bond yields added to the market s decline.

Chandan Healthcare’s Rs 107 crore SME IPO saw 29% subscription on Day 2, with retail investors leading. The price band is Rs 151-159, and the listing is set for February 17. Proceeds will fund a new diagnostic center in Uttar Pradesh. The company operates a diagnostic network across North India.

SEBI has banned LS Industries (LSIL) from accessing the capital market due to stock price manipulation and zero revenue, despite a Rs 5,500 crore market valuation. The regulator froze the bank accounts of investor JPP, who made unlawful gains. SEBI is investigating suspicious trading, insider activity, and potential FEMA violations.

Devyani International reported a Q3 FY25 net loss of Rs 7.6 crore, despite a 53.5% YoY revenue growth. The stock fell 5% following the results. The company expanded aggressively, adding 111 new stores, surpassing 2,000 outlets. It also expanded KFC operations in Thailand, reaching 305 stores. Expansion remains a key growth strategy.

Probably over the next few months, he will stabilise and put some tariffs which are very selective, but there will be a give and take and so probably hopefully, the policy environment will slow down and stabilise.

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