Weekly Fundamental Insights With Rini Mehta | 20th June 2022

Join Rini Mehta to get a fundamental perspective on the trading week.Highlights of 20 June ’22 Fundamental Weekly Podcast- The domestic markets remained sluggish throughout the week with Nifty50 losing 7% over the past week.- Markets reacted to increased risks of a global recession as the US Fed raised interest rates elevated inflation.- Headline CPI inflation in May dropped to 7.04% compared to 7.79% in April.- The Swiss National Bank surprised markets with its first rate hike for 15 years, while the Bank of England implemented its fifth consecutive hike.- FII flows continue to remain net sellers in the month of June till date to the tune of Rs. 42,088 crore. FPI flows to remain volatile in the emerging markets.- Weekly pick: Oil India Limited - The company’s 4QFY22 results were above our estimates as lower-than-anticipated oil realizations and gas sales volumes were offset.- Other picks: Sun TV - The company’s TV business at 3x TTM earnings. We upgrade SUNTV to BUY from REDUCE.Disclaimer: bit.ly/longdisc