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Firstly, some of the tax benefits one should assume will be used for increase in savings or deleveraging. Over the past 5 years household leverage has moved higher and it would be prudent to assume that a part of the benefit would be used for reduction of debt. In other words, the household savings rate will certainly benefit from this move of the government.

Gold prices increased by 0.3%, nearing the record high of $2,886.62, after President Trump s announcement of new tariffs raised concerns of a global trade war. Investors turned to gold as a safe haven amidst political and financial uncertainty, while silver and platinum presented minor fluctuations.

Oil prices rose on Monday despite concerns over President Trump s threat of tariffs on steel and aluminium imports which could affect global growth. Brent crude increased to $75.06 a barrel, while West Texas Intermediate crude reached $71.38 a barrel. Trump s trade policies and China s retaliatory tariffs continue to create uncertainty in the market.

The dollar strengthened as President Trump announced plans for new 25% tariffs on steel and aluminum imports, affecting the euro, and the Australian and New Zealand dollars. The move has intensified fears of a global trade war. Market focus is now on U.S. inflation data and the Federal Reserve s upcoming statements.

Third quarter earnings reports are being released, with key companies like Varun Beverages, Nykaa, Grasim, Eicher Motors, and Apollo Hospitals showing notable performance. Nykaa s revenue growth is projected at 27%, while Grasim Industries is expected to see a 23-30% revenue increase. Analysts will focus on industry trends and competitive landscapes.

Ajax Engineering s IPO is set to open for subscription on Monday, with a price band of Rs 599-629 per share. The issue is entirely an offer for sale of 2.01 crore shares. The company raised Rs 379 crore from anchor investors before the IPO. Analysts recommend subscribing due to the company s market leadership in concrete equipment.

Shares of CMS Info Systems, Disa India, and Symphony are in focus today as these companies set February 11 as the record date for dividend eligibility. CMS Info Systems offers Rs 3.25, Disa India Rs 100, and Symphony Rs 2 per share. Today is the last chance to buy these shares to qualify for the dividends.

EFC (I) shares may be in focus today, with February 11 as the record date for determining shareholders eligible for the 1:1 bonus share issue. Bonus shares are issued from retained earnings or reserves, rewarding shareholders and improving liquidity. EFC (I) shares closed 2.6% lower at Rs 533.65 on the BSE.

BHEL received a Letter of Intent from Rajasthan Part I Power Transmission for the BF800 HVDC project and an Rs 8,000 crore order from Mahagenco for a thermal power station project. The HVDC project will transmit renewable energy and should be completed by 2030.

Bajaj Auto is set to debut in the domestic e-rickshaw segment by the end of this fiscal year, expecting regulatory clearances soon. The company aims to launch a modern e-rickshaw to capitalize on a significant, yet unorganised market that retails 45,000 units monthly.