Latest Stock Market News

The revised tax slabs are expected to boost disposable income, aiding a widespread recovery in consumption. Staple goods companies are likely to benefit the most, as consumers are expected to spend more on essentials. Other sectors, such as quick-service restaurants (QSR), innerwear, and liquor, should also see a rise in demand.

Shein, now based in Singapore, is offering affordable fast fashion in India. Two years ago, Reliance Retail Ventures Ltd partnered with Shein to sell its products in the country. In a written response to the Lok Sabha last month, Commerce and Industry Minister Piyush Goyal clarified that an indigenous retail platform would host Shein’s operations in India.

Oil prices rose on Monday as President Trump imposed tariffs on Canada, Mexico, and China, sparking fears of supply disruption from key suppliers. U.S. crude futures increased by 2%, while Brent crude saw an 0.8% rise. The tariffs could impact fuel demand and refine profitability in the U.S.

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.