Indian benchmark indices are expected to open positively, despite a negative trend in Asian and US markets. With the Finance Minister delivering the Budget Speech later today, analysts predict volatility in the markets, with investors staying cautious. The Nifty 50 saw gains on January 31, thanks to banking stocks, but still faces resistance at 21,750-21,850.

SEBI has put on hold the applications of some foreign portfolio investors for exemption from disclosing details about their investments. This decision comes after concerns were raised about the effectiveness of the current disclosure rules, which require FPIs to reveal the ultimate ownership of their investments in India.

Maruti Suzuki India Limited may see a rise in its stock prices on February 1 due to positive results and forecasts from various brokerages. The company reported a strong net profit and revenue growth in the third quarter, leading to increased recommendations to buy the stock. With improvements in margins and strong sales figures, experts believe the company is well-positioned for future growth.

The impact of Union Budget on equities has reduced over the years, but it remains significant for D-St. The FM, Nirmala Sitharaman, will present the Interim Budget for 2024-25 today. The market performance on Budget days has shown negative returns in the past, with the steepest fall in 2020. The recent state assembly elections and improved macroeconomic landscape have boosted investor confidence.

Tesla is expanding its battery facility in Nevada to produce cheaper lithium iron phosphate batteries and reduce dependence on China. The plant will initially have a capacity of 10 gigawatt hours and use equipment from Chinese supplier CATL. This move comes as US regulations limit reliance on countries like China for battery materials.

Foreign investors sold ₹25,744 crore of Indian stocks in January, breaking a two-month streak of purchases. This was due to doubts about a US Federal Reserve interest rate cut in March, leading to cautious sentiment. February's inflow will depend on the Fed's statement after its policy meeting on Jan 31, with February historically seeing both inflows and outflows from foreign investors.

Stock brokers in Mumbai are anticipating a volatile market due to the Union Budget and US Fed's policy meeting. To discourage excessive risk-taking, some brokers have increased the margin requirement for MTF clients from 20% to 100%. This has led to record high of ₹57,000 crore borrowed for margin trading. Brokers are closely monitoring risks and increasing margin provisions to protect investors.

Dabur's Q3 results show a 8% increase in net profit and 7% rise in total revenue, with strong rural performance and market share gains. Direct reach stands at 1.42 million outlets which may increase further. The company is curating a portfolio for rural areas and is expected to benefit from any potential rural-focused policies in the upcoming Interim Budget.

Two Indian stocks, Steel Authority of India and Zee Entertainment, have been placed on the National Stock Exchange's ban list for exceeding the market-wide position limit in futures and options trading. The ban may be lifted if their open interest falls below 80%. Other potential entrants on the ban list include Hindustan Copper and National Aluminium Company, which are trading near the 95% MWPL

India's bond market is expected to see inflows of $40 billion this year, and top money managers are debating the best investment strategies. Aditya Birla Sun Life prefers 7-to-14-year government bonds, while Bandhan Asset favors Fully Accessible Route bonds. SBI Funds and ICICI Prudential prefer short-term company bonds with higher spreads over sovereigns.

👉 Equity benchmarks rebound ahead of interim budget. 👉 Government expected to focus on debt reduction and infrastructure spending in interim budget before elections. 👉 Reserve Bank bars Paytm Payments Bank from accepting deposits or offering banking services due to non-compliance. 👉 Burman family increases stake in Religare Enterprises, could gain control through open offer.

The government is expected to continue its high level of capital expenditure in the upcoming budget, but private sector investment remains sluggish. Factors such as inflation and supply chain issues have hindered private capex growth. The budget may focus on stimulating private investment through measures like credit guarantee schemes and regulatory reforms.

On the last trading day of January, U.S. stocks fell after the Federal Reserve announced they would not be cutting interest rates anytime soon. This news, along with disappointing results from Alphabet and other tech companies, caused a sharp decline in major indexes. Despite this, all three indexes ended the month with gains.

Global oil prices rose due to signals of possible rate cuts by the US Federal Reserve and new support measures for its property market by China. Lower rates and economic growth are expected to increase oil demand. Analysts predict China will remain the biggest contributor to oil demand growth in 2024.

Paytm faces major troubles as brokerage firm Jefferies downgrades stock to 'underperform' and cuts price target. The Reserve Bank of India's restrictions on Paytm's lending business, along with concerns over non-compliance, reputation risks, and potential impact on profitability have led to the downgrade. This could potentially bring a 34% downside in the stock's value.