Founder and fund manager of Right Horizons, Anil Rego, believes the Reserve Bank of India will maintain status quo in its first policy decision of 2024 on February 8. Inflation has been rising but Rego doesn't expect rate cuts. He advises caution on PSU stocks due to high valuations and sees opportunities in sectors such as cement, infrastructure, tourism, defence and Nano DAP.

In summary, the 2021 election year budget has followed convention and focused on maintaining government functioning without committing to new initiatives. Indirect tax trends show an increase in GST revenue and improved efficiency in customs processing. The budget includes measures for enforcing discipline in high tax evasion sectors, distributing credit among multi-locational firms.

Board members of Tesla are giving Elon Musk a lot of leeway due to his visionary leadership in popularizing electric cars and dominating the aerospace market with SpaceX. However, recent allegations of drug use and close financial ties between directors raise concerns about their independence. Regulatory regimes across many economies have become stringent due to past scandals.

Virgin Galactic reported an alignment pin detachment from its VMS Eve carrier jet during post-flight reviews and notified the FAA. The company stated that the issue did not pose a danger to the crew or vehicles, and the flight was deemed safe and successful. Further updates will be provided after a review is completed.

There has been a significant rise in jobseekers from fintech company Paytm in the last 15 days, with over 6,000 active and accessible talent currently in the job market. This is believed to be a result of recent events such as AI automation leading to layoffs and RBI restrictions on Paytm Payment Bank. Employees are looking for job security and stability amidst uncertainty about the future.

1. Indian stock market indices declined due to heavy selling in index heavyweights, pointing to increased volatility and investor apprehension. 2. Stocks of state-owned companies have surged past private peers, causing concern over a potential short-term shakeout and profit booking. 3. Paytm Payments Bank faced regulatory action for alleged regulatory and compliance lapses.

Experts advise caution in the stock market, citing bearish candlestick patterns and upcoming events such as the Monetary Policy Committee meeting. The Nifty 50 and BSE Sensex both saw declines on February 5, while stocks like Cipla, Bharat Forge, and Redington India showed positive performance. These stocks may continue to perform well, with Cipla expected to reach levels of Rs 1,550.

Interest rates are expected to fall as central banks, including the Reserve Bank of India, get ready to cut them. While bank fixed deposits may seem attractive, there have been instances of depositors facing issues with accessing their money. However, India's banking sector has improved since 2016-17 and according to recent data, the health of the sector is showing positive signs.

Asian shares rose slightly on Tuesday, boosted by a rebound in Chinese markets and expectations of a ceasefire in the Middle East. However, investors were still cautious after Wall Street's decline and uncertainties about a Federal Reserve rate cut. China has taken steps to support its stock market, while the Australian central bank is expected to keep rates unchanged.

Dollar steady as traders await Fed decision and US jobs data. Markets predict a 46.6% chance of rate cuts in March, down from 73.4% a month ago. FOMC meeting may not be as dovish as expected, says analyst. Eurozone GDP data to be released, expecting weaker outlook than US. ECB members disagree on timing of potential rate cut. BOJ optimistic on investment outlook, but uncertain about wage gains.

HDFC Bank clarified that the recent RBI approval for acquiring a stake in IndusInd Bank was for its Asset Management Company and Life Insurance arms, not HDFC Bank itself. The approval is valid for one year and allows HDFC Bank to hold up to 9.50% of IndusInd Bank's paid-up share capital or voting rights. It was emphasized that HDFC Bank as a promoter had to seek approvals from RBI.

Chinese regulator tightens trading restrictions to prevent market rout, following recent record low in CSI-300 index. Bank of Japan prepares to end negative interest rates and revamp monetary framework, while Softbank-backed Invitae files for bankruptcy amid $1.5 billion debt. Drug maker Novartis bids for cancer treatment company MorphoSys, and Yandex sells Russian assets.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here is all you need to know before the market opens.  GIFT Nifty ended up by 22 points or 0.10% at 21,821.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 dropped 82.10 points or 0.38% to settle.

Oil prices were stable as U.S. Secretary of State Antony Blinken visited the Middle East to discuss a potential ceasefire in the Gaza region. Palestinians are hoping for a truce before a threatened Israeli attack. Meanwhile, the U.S. is still targeting Iran-backed Houthi fighters in Yemen and there were reports of drones attacking a Russian oil refinery.

The total number of jobs in Indian factories went up by 7 percent in 2021-22 to 1.72 crore, according to the statistics ministry's latest Annual Survey of Industries. This followed a 3.2 percent decline in 2020-21 - the year that was hit hardest by the coronavirus pandemic. "Due to Covid pandemic, there had been a marginal fall in employment in 2020-21 which was more than compensated.