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The third quarter earnings season is ongoing with key companies like Coal India, Tata Steel, and Indian Oil set to announce their results. Tata Steel is expected to report losses due to weak Indian operations and forex issues, while Coal India may see a slight fluctuation in revenue amidst lower e-auction realizations.
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Equity benchmarks ended a two-day winning streak with losses in a volatile session. Bajaj Housing fell 0.8%, Tata Steel gained 0.1%, and Coal India dropped 0.47%. Pravesh Gour from Swastika Investmart suggests key support and resistance levels for each stock, highlighting potential buying opportunities and expected movements.
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Global markets rebounded last week as fears a global trade war would erupt in the first days of Trumps presidency were assuaged after the President avoided placing immediate import levies on goods from Mexico, Canada and China. Threats resurfaced, however, after Trump ordered punitive trade sanctions on Colombia Sunday for rejecting US deportation flights over human rights issues.
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