Jonali Games Studios Private Limited: Global Finance Daily
Your Daily Pulse on Markets, Tech, and Policy – February 4, 2026
The financial landscape is shifting rapidly this week. From the massive ripples of the India-US Trade Deal to a sudden "technical bear market" in Bitcoin, here are the top 10 stories you need to know today.
1. India-US Trade Deal Sparks ₹12 Lakh Crore Rally
Dalal Street witnessed a historic surge as the US agreed to slash reciprocal tariffs on Indian goods to 18%. The Sensex jumped over 4,200 points in a single session, adding a staggering $145 billion to investor wealth.
2. Bitcoin Enters "Technical Bear Market"
After a 40% crash from its $126,000 peak, Bitcoin is now trading near $84,000. Analysts warn that if it stays below the $90k mark, we could see a further slide toward the $50k-$60k support zone.
3. Union Budget 2026: The "Tech Muscle" Push
Finance Minister Nirmala Sitharaman has announced a tax holiday until 2047 for foreign cloud service providers using Indian data centers. This is a massive play to turn India into the world’s AI and data hub.
4. Wall Street Hits All-Time Highs on AI Optimism
Despite crypto jitters, the S&P 500 and Nasdaq closed higher as investors poured capital into AI-linked chipmakers. The "AI supercycle" is expected to drive 15% earnings growth through 2026.
5. STT Hike Spooks F&O Traders
The new budget has proposed raising the Securities Transaction Tax (STT) on Options to 0.15%. High-frequency traders are bracing for increased costs, which initially caused a 1,500-point dip in the Sensex before a late-day recovery.
6. Banking Shake-up: New Rules for SBI, HDFC, and ICICI
Starting this week, major banks are revising their fees. SBI has updated IMPS charges, while HDFC has capped Infinia reward redemptions to 5 times per month. Check your card benefits immediately!
7. "Green Energy" Gets a ₹22,000 Crore Boost
The PM Surya Ghar rooftop solar scheme received a massive 10% funding increase. For investors, solar manufacturing stocks like Tata Power and Adani Green are the ones to watch as customs duties on raw materials were scrapped.
8. The "DOGE" Effect: US Government Efficiency Cuts
Speculation regarding a "recession in government" due to Department of Government Efficiency (DOGE) cuts is keeping US bond yields range-bound. Market strategists expect a 50-basis-point Fed cut by mid-year.
9. Corporate Earnings: AI Giants vs. Retail Slump
While AI firms are reporting 20%+ profit growth, consumer service sectors are struggling. PepsiCo recently announced price cuts of up to 15% on snacks to lure back inflation-weary shoppers.
10. Stablecoin "White House" Showdown
Top execs from Coinbase and major banks met with the President’s Council to debate stablecoin rewards. The outcome of these talks will likely dictate the next wave of US crypto legislation.
0 Comments