The domestic stock market opened with a major decline in the global markets on Monday 10 February on the first day of the week. The market is witnessing a decline due to a decline in IT and financial shares including steel shares.
Today the results of the third quarter of these companies
At the domestic level, major companies such as Apollo Hospitals, Awadh Sugar, Avanti Feeds, Bata India, Eicher Motors, Escorts Kubota, Naika and Patanjali Foods will announce their December quarter (Q3Fy25) results today. Investors will keep a close watch on their results.
Signs from global markets
On the Global Front, European Central Bank (ECB) president Christine Legard will give a speech on the European economy situation in the parliamentary session today. In addition, US President Trump may also affect the market for a possible announcement of a 25% new tariff on all steel and aluminum imports.
Tariff News had a negative impact on global markets on Monday morning. Japan’s Nikkei 225 index dropped 0.41%, South Korea’s Kospi fell 0.58% and Australia’s ASX also fell 0.31%.
What is the specialty of IPO market?
This week we will watch the tremendous movement of IPO in the stock market. In the main board, the IPO of Ajax Engineering will open on February 10, the IPO of Hexaware Technologies on February 12 and the IPO of Quality Power Electrical Equipments will open on February 14.
The IPO of Chandan Healthcare opened in the SME segment today. Apart from this, IPOs of PS Raj Steels, Wallar Cars, Maxwolt Energy Industries, LK Mehta Polymers and Shanmuga Hospital will also be launched this week. At the same time, IPOs of Solarium Green Energy, Readimix Construction Machinery and Elements Interiors will be closed this week.
Talking about the new listing, Chamunda Electricals shares will be listed in the market on February 11, Cain Enterprises and Amvil Healthcare on February 12. Today is the last day of solarium green energy and its listing will be on 13 February. The shares of readymix construction will close today and listed on 13 February. At the same time, the Eligence Interiors will be closed tomorrow and its listing will be on 14 February.
