Ever since the Union Budget, stock markets have turned optimistic, with the Q3 results season also indicating that demonetization wasn't as bad as expected for sectors such as auto, lending and consumer goods. Also driving the gains are the expectations that the RBI will announce a repo rate cut tomorrow of 25 basis points. Even if Governor Patel decides to hold off the rate cut however, investors are unlikely to panic - with companies posting healthy results and the Budget giving a big boost on infrastructure, many are turning bullish on the economy.

Blackberry has announced a significant change to its strategy in Asia, with the company licensing the production of secure BlackBerry Android handsets to a third party. For India, Sri Lanka, Nepal and Bangladesh, the company has signed a long-term, exclusive licensing agreement with Optiemus Infracom Ltd, which will design, manufacture, sell and provide customer support for the handsets. Optiemus stock is strongly bullish today on the news. 

Stock in spotlight: Tata Motors has recorded its best ever January sales performance for Jaguar Land Rover, with sales up 4% globally compared to the previous year. Growth has been sharpest in North American markets, where sales are up 29%.

Photo of the day: At the Ghaziapur flower mandi, in Delhi. Pallavi Juneja/Curious Jalebi