The Indian stock market reached a new high on the Nifty 50 during the budget week, with the fiscal deficit target for FY25 being lowered and focus on capex rather than populism. Positive global sentiment also helped lift the market. However, a correction in Bank Nifty and caution ahead of SBI earnings and RBI monetary policy next week caused the benchmark indices to close off their record highs.

A recent report reveals that PMS have outperformed mutual funds in a 10-year time frame, with 75 percent of PMS funds delivering superior returns compared to just 48 percent of regular mutual funds. The study also shows that PMS approaches have outperformed across all time frames and market capitalisation categories, except for the thematic category in the 3-year period.

Indian banks have requested for relaxed norms in valuing additional tier-1 bonds due to difficulty in raising funds after stricter valuation rules were introduced following Yes Bank crisis. The current 100-year valuation creates pricing volatility, and banks have suggested using yield-to-call option or market traded price instead. These bonds have no maturity date and can be written off by banks.

RBI has taken action against popular wallet Paytm and its banking arm for money laundering concerns and questionable dealings of hundreds of crores of rupees. The central bank has ordered Paytm Payments Bank to halt most of its business and address deficiencies in KYC and AML compliance. The company's shares have slumped 40% in two days.

The S&P 500 index closed at a record high of 4,958.61 on February 2, with a gain of 1.1 percent. This was only the second time in 62 years that the index jumped more than 1 percent on a day when there were two losers for every winner on the NYSE exchange, the first being after the 'Black Monday' crash in 1987. IT stocks dominated the gains, contributing to around 70 percent of the index.

SBI, the country's largest lender, has made a provision of Rs 240 crore on its investment in AIFs. The central bank has released guidelines preventing banks and other lenders from investing in AIFs that have lent money to borrowers. Other lenders like HDFC Bank, Kotak Mahindra Bank, and Axis Bank have also made provisions for their investments in AIFs.

TVS Motor Company plans to invest Rs 5,000 crore towards developing advanced technologies and enhancing engineering capabilities. With a strong focus on innovation and global expansion, the company envisions transforming customer experience and shaping the future of mobility. Their goal is to increase exports to 50%, from the current 30%, in the near future.

Abhishek Banerjee, CEO and founder of Lotusdew Wealth and Investment Advisors, is optimistic about PSU stocks. He believes that the government's control over policy and access to markets can benefit PSUs that are well-managed. In particular, he expects railway stocks to continue rallying due to structural benefits. Banerjee is also bullish on the hospitality and airline sectors after the budget.

Stock markets will be driven by quarterly earnings, global trends, and RBI's interest rate decision this week. Analysts say that the market will also be influenced by news on budget proposals, US Federal policy, foreign investors' trading activity, and movements in Brent crude oil prices. Eyes will also be on the rupee-dollar exchange rate and investments by FIIs and DIIs.

NBCC (India) has seen a 47% increase in stock value in the past week, driven by government's affordable housing push. The interim budget announced plans for building 2 crore houses for rural poor and a scheme to help middle-class buy or build their own homes. Analysts expect this to boost real estate and allied sectors. NBCC's order book is over Rs 50,000 crore.

The Indian markets are expected to see increased capital inflows. This is due to favorable developments such as inclusion in global indices and improving fundamentals. As a result, investors should consider re-evaluating their portfolios and incorporating duration funds, large-cap and mid-cap companies, and attractively-valued companies in the manufacturing sector for long-term investments.

SpiceJet plans to expand its business by connecting tourist and religious destinations, including Lakshadweep. They also have plans to operate seaplanes and aim to connect Ayodhya with more locations. The company sees growth in air cargo services and aims to complete the listing process on NSE soon. SpiceJet believes Ayodhya will become a leading tourism destination in the world.

Stock exchanges have revised circuit limits for Paytm owner One97 Communications after a steep price crash caused by RBI's crackdown on Paytm Payments Bank. The upper limit is now at Rs 535.75 and lower limit at Rs 438.35. The company is expected to face a worst case impact of Rs 300-500 cr on its annual EBITDA, but aims to continue improving profitability as it reassures users and holds events.

Amidst RBI's crackdown on Paytm, CAIT advises brick-and-mortar businesses in India to switch to other payment apps for financial transactions. RBI's restrictions have prompted concerns among traders and vendors who heavily rely on app. CAIT urges users to take proactive measures to protect their funds and proposes direct UPI transactions or payment apps offered by individual banks as alternatives.

Apeejay Surrendra Park Hotels will open an IPO for subscription on February 5, with a price band of Rs 147-155 per share. The issue closes on February 7 and final allotment will be done on February 8. The company will debut on both the exchanges on February 12. This IPO includes fresh equity issue of Rs 600 crore and offer for sale of Rs 320 crore. The company has shown a revenue growth of 14%.