Weekly Fundamental Insights With Rini Mehta | 25th April 2022

Highlights of 25 April ’22 Fundamental Weekly Podcast- Domestic markets were weak in the last week with Sensex losing 1.45% and Nifty50 losing 1.17%.- International Monetary Fund (IMF) downgrades global growth outlook. It has also cuts India’s GDP forecast to 8.2%.- Fed affirmed central bank’s determination to bring down inflation. Likely to start reducing the amount of bonds it is holding.- FII flows continues to remain negative to the tune of Rs. 29,206 crore in the month of April ‘22.- Equity markets focused on (1) ongoing Q4FY22 earnings prints and (2) rising global and domestic bond yields.- Weekly pick: HDFC Bank - The bank reported 23% Year-on-Year (YoY) earnings growth on the back of 5% YoY operating profit growth.- Other picks: HCL Tech - We train our sights beyond sequential optics on the improvement in digital competencies and IT services business composition.