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Australian government will urge the United States to grant exemptions on steel tariffs and has raised the issue with President Donald Trump's administration, Prime Minister Anthony Albanese said in parliament on Monday.

In an interview with ETMarkets, Ambani said: “The Budget was satisfactory and largely in line with expectations. While some may perceive slower growth in the government’s capital expenditure on roads and railways for FY26, the overall capex has been maintained at the desired levels, as a percentage of GDP and total expenditure,” Edited excerpts:

The short-term trend in pharma stocks appears positive, and pharma ETF could be a good option for a short-term long position, says Rupak De, Senior Technical Analyst at LKP Securities. In this chat with ET Markets, he also shares 3 stock ideas for the week — Kotak Mahindra Bank, JSW Steel and Godfrey Phillips. Edited excerpts:

Indian market is likely to consolidate on Monday tracking muted global cues. The Nifty future closed in the negative with losses of 0.28% at 23,622 levels on Friday. India VIX closed 3% lower at 13.68 in the previous trading session.

Tata Steel and JSW Steel among others may remain in focus on Monday after US President Donald Trump announced his plans to impose new 25% tariffs on all steel and aluminium imports. This may impact companies like Tata Steel, JSW Steel, Jindal Steel and Power, SAIL, Jindal Stainless and NMDC.

VA Tech Wabag will be in focus on Monday after the water technology company announced winning a Rs 3,251 crore ($317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh, Saudi Arabia. The company has won the engineering, procurement, and construction (EPC) order of a 200 MLD independent sewage treatment plant (ISTP), including connections to outfall delivery facilities.

Life Insurance Corporation of India (LIC) shares will be in focus on Monday after the company reported a 16% year-on-year (YoY) growth in consolidated net profit for the December quarter, reaching Rs 11,009 crore compared to Rs 9,469 crore in the same period last year. The net premium income in Q3FY25 stood at Rs 1,07,302 crore, down 9% from Rs 1,17,432 crore reported in the corresponding quarter of the last financial year.

Delhivery shares will remain in focus on Monday after the company reported a 114% year-on-year (YoY) jump in its December quarter net profit at Rs 25 crore versus Rs 12 crore reported in the year ago period making it the third consecutive profitable quarter for the company. The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year.

Ajay Bagga, Market Expert, says Prime Minister Modi's visit to the US next week is a good sign. It is anticipated that India will sign some defense agreements and announce equipment purchases. Additionally, there are already signs of tariff relief on US products. We can expect a handshake that may draw attention to the markets. Although the recent earnings season was not strong, the upcoming quarter appears more promising, and with the rate cut, rate-sensitive sectors should perform better. What is your take on the markets overall? How much of the positives in terms of the Union Budget as well as the RBI monetary policy coming as per expectation is now priced in and what will drive the markets ahead because January has been quite wobbly. In February, we seem to be stabilising a bit but what is the way forward? Ajay Bagga: The Union Budget, on balance, was a good one. In terms of the RBI policy, the positive was the rate cut. What disappointed the market and led to some amount of sell off in the banking stocks. The Budget on balance has been positive for the markets. Infrastructure spend has been maintained. Fiscal deficit goes down, creating some space for RBI to cut rates and consumption gets a boost.

hold call on Info Edge (India) Ltd. with a target price of Rs 8,000. The current market price of Info Edge (India) Ltd. is Rs 7983.75. Info Edge (India), incorporated in 1995, is a Large Cap company with a market cap of Rs 104330.77 crore, operating in the Services sector. Info Edge's key products/revenue segments include Sale of services for the year ending 31-Mar-2024.

Gold prices firmed on Monday, and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after U.S. President Donald Trump's decision to impose fresh tariffs sparked concerns of a global trade war.

Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, applying them to all countries and matching the tariff rates levied by each country. The move adds to jitters over a global trade war, with China's retaliatory duties on U.S. goods due to take effect on Monday.

Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump's latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT while U.S. West Texas Intermediate crude was at $71.38 a barrel, up 38 cents, or 0.5%. The market posted its third consecutive weekly decline last week on concerns about a global trade war.

Subscribe to enjoy similar stories. The Nifty 50 closed nearly flat on Friday, slipping into negative territory after the Reserve Bank of India (RBI) anncounced a 25 basis point cut. Markets remained volatile initially due to the policy impact but later stabilized, ending the session with minor losses.

Subscribe to enjoy similar stories. • Southern Petrochemical Industries: Buy current market price and at dips to ₹80.5, stop ₹79.80, target ₹90 This chemical stock, after undergoing a lot of pain, has shown a strong breakout as buying momentum got built. After biding some time and absorbing the volatility, we can look at the prices looking to extend next week.

Bajaj Auto, Nykaa, Grasim, LIC, Cipla, Hitachi Energy, Sun TV among others will be in focus due to various news developments and third quarter results. Signature Global Realty firm Signature Global has reduced its net debt by 29% in the October-December quarter to Rs 720 crore on strong pre-sales and collections from customers.

earnings and upcoming macroeconomic data, including the numbers of industrial output and inflation. Here's breaking down the pre-market actions:

Subscribe to enjoy similar stories. The Nifty 50 closed 43 points lower at 23,559.95 on Friday amid market volatility following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points—the first reduction in nearly five years. Despite the widely expected rate cut to 6.25% and the central bank’s ‘neutral’ stance, investor sentiment remained subdued.

Reserve Bank of India's plan to introduce forward contracts in government bonds would depend on how trader-friendly the final rules are, in terms of permitting physical delivery, and transparency in the funding spread between short- and long-term derivative products, said experts. The RBI after its Monetary Policy Committee meeting said on Friday that the central bank would include forward contracts in government securities so that long-term investors such as insurance funds can manage their interest rate risk. The RBI had released draft rules for bond forwards for the first time in December 2023.

Subscribe to enjoy similar stories. New Delhi: India is doubling down on its quality crusade, putting a range of domestic and imported goods under close scrutiny at a time protectionist walls are going up across the world.

Subscribe to enjoy similar stories. In an uncertain financial landscape marred by slow earnings growth at home and global tariff tantrums, the best equity strategy for the householder is to not allocate just to equities, but to also channel savings into debt, global stocks, realty, gold and silver, according to the investment head of the country's second-largest fund house. Those choosing the systematic investment plan (SIP) route should avoid pumping money into overvalued small- and mid-cap stocks and focus instead on large-cap, flexi-cap and hybrid funds, said S.