Weekly Fundamental Insights With Rini Mehta | 23rd May 2022

Get the fundamental updates and perspectives for the trading week with Rini Mehta.Highlights of 23 May ’22 Fundamental Weekly Podcast- After a sharp decline over the past two weeks, the equity markets ended this week on a positive note with Sensex and Nifty50 gaining between 2-3% each.- With the result-season coming towards the last leg, the focus will be more on the macro data points.- Monetary policy tightening action by Central Banks globally amid high inflation will continue to weigh on market sentiments.- FIIs continue to remain negative in the month of May till date to the tune of Rs. 44,102 crore- Weekly pick: Indian Oil Corporation Limited - The company’s domestic marketing sales volumes increased 3.7% Quarter-on-Quarter (QoQ) to 2.18 crore tons in Q4FY22. Pipeline volumes increased 1.3% to 2.21 crore tons.- Other picks: ITC - ITC offers decent earnings growth visibility led by a recovery in Cigarettes and relatively steady performance in FMCG.