New Delhi grappled with severe pollution levels on Friday, necessitating the closure of schools and the implementation of emergency measures. The city s air quality index soared to 565 in some areas, making it the most polluted city globally. Many business leaders criticized Delhi s AAP government s response to the crisis.
Since the last meeting of the Fed, the Dow Jones Industrial Average has lost more than 2%, while the tech-heavy Nasdaq Composite has shed about 3%. On the contrary, Indias benchmark Nifty 50 has gained about 2% in the same period and scaled lifetime highs.
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.
Also, I think I would be eagerly looking forward to the announcements in Jio Financial, considering that is the latest one which got demerged. They are stitching together a good team. It is a great brand. They have a good capital base and more importantly they have the technology and data analytics. So, this is what you need for any financial services to do well.
There are a lot of similarities. The old economy stocks are coming back. There is massive infrastructure spend which is taking shape through metros, through road, rail, airport infrastructure and there are early signs of capex and a lot of private capex picking up.