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Hospital space we like but it is just that the stocks have just run up too quickly and as I said, in hotels, even in hospitals again the capital allocation has improved significantly. So, for example, Max is only focussed on Delhi, Mumbai, largely metros.

This time what you are seeing for the hotel sector is not cyclical, it is structural. It is basically demand-supply 101. If you look for the last several years, the demand has been growing between 8% to 12% and you can see it in airlines, office space, travel and tourism. The hotel supply is growing between 2% to 6%, not a surprise because the hotel industry in India has now evolved from being 50,000 rooms in 2008 to about 150,000 to 200,000 rooms right now.

A surge in crude oil prices can contribute to inflationary pressures, prompting some investors to explore alternative assets like Bitcoin to preserve value. Conversely, the Federal Reserve’s decisions to raise interest rates can influence risk preferences and potentially induce certain investors to shift away from riskier assets, including cryptocurrencies.

While the paper outlines a comprehensive regulatory framework, it also cautions against blanket bans on all VDAs activities. Such bans, the paper argues, can be costly and challenging to enforce due to the borderless nature of VDAs. They may also lead to increased incentives for circumvention, resulting in heightened financial integrity risks.

The top gainer is state-run Mazagon Dock Shipbuilders, which has given over 479% returns during this period. The stock had ended at Rs 391.30 on the BSE on August 30, 2022 while the Monday closing price was 2,198.05. It was followed by Rail Vikas Nigam Limited (RVNL) which returned nearly 418%.

Chinese stocks are among the world’s worst performers this year, with the Hang Seng China Enterprises Index having fallen more than 20% from a January high. The country’s economy is struggling with default risks in the property market and a sluggish recovery in domestic consumption.

The market is currently on a high, and everyone can see this. An increase in allocation from DII’s, FII’s, and retail investors has taken the valuations up. This rapid climb suggests that a bit of a healthy correction might be good for balance.

The broader outlook clearly validates the support of 200-SMA, presently set at Rs 145-mark. The consolidation breakout from the range of Rs 200-155 in early August has elicited a bullish outlook for the coming months. Also, the positive crossover of 100-SMA with 50-SMA further negates any major drawdown.

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