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The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all.

Devang Mehta, Director-Equity Advisory at Spark Private Wealth, suggests a balanced investment approach, focusing on sectors related to capex, consumption, and credit growth. Highlighting companies like Trent, Titan, and Timken India as strong prospects, he emphasizes the strong performance of discretionary consumption, infrastructure, and defence sectors for a promising financial outlook.

The Sensex rose by 147 points to close above 81,000, while Nifty ended above 24,800, in line with global markets. Stocks in focus include Paytm, which fell 3.14%, Nucleus Software, which declined 6.04%, and Aarti Drugs, which surged 6%. Expert advice includes waiting for dips before investing in these stocks.

Ecos Mobility and Hospitality is set to launch a Rs 600-crore IPO with a price band of Rs 318-334. The IPO, open from August 28 to August 30, is an offer-for-sale (OFS) by promoters. Since the issue is an OFS, all proceeds will go to the selling shareholders.

Oil prices remained steady in early Asian trading on Friday but are expected to end the week lower. Revised U.S. employment data and ceasefire talks in Gaza have raised demand and supply concerns. Both Brent and WTI crude futures experienced fluctuations, influenced by the economic outlook and geopolitical developments.

Arbitrage funds are gaining popularity over liquid and overnight funds due to their tax efficiency, zero credit risk, and higher returns. With investments of ₹1.08 lakh crore in the past year, their assets under management have doubled. Fund managers warn that returns might slightly dip due to market volatility and increasing investments.

The promoters will pare stakes in some listed firms while increasing them in others, according to people with knowledge of the matter. The final aim of this rebalancing exercise is to hold 64-68% stake across firms. The stake sale will begin with Ambuja Cement and Adani Power while the holding will be increased in Adani Green Energy.

Japanese equities showed resilience while other Asian markets opened lower as investors awaited comments from Jerome Powell. US stocks experienced a selloff, with significant drops in Nvidia and Intel. Rising inflation in Japan exceeded forecasts, and the yen strengthened. Investors are closely monitoring potential economic policy changes and their impacts.