Weekly Fundamental Insights With Rini Mehta | 4th July 2022

Join Rini Mehta to get a fundamental perspective on the trading week.Highlights of 4th July ’22 Fundamental Weekly Podcast- Equities continued last week’s recovery trend with Nifty losing 0.3%, while the BSE Sensex lost 0.21%.- The rupee fell to all time low against the U.S. dollar to 79.11, as persistent foreign fund outflows weighed on investor sentiments.- The US Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter.- In June’22, FIIs remained net sellers to the tune of Rs. 58,112 crore.- We expect FPI flows to remain volatile in the emerging markets.- Weekly pick: SBI Life - The company’s APE (annualized premium equivalent) growth will likely remain robust at 18% CAGR over FY22-24E.- Other picks: Mangalore Refinery & Petrochemicals - Any meaningful fall in crude oil prices might result in inventory losses for refineries, in general.