Weekly Fundamental Podcast by Rini Mehta | 24th Sept 2023

Highlights of 24th September Fundamental Weekly Podcast- Nifty 50 Index and Sensex 30 Index declined while sensex mid-cap and small-cap indices also ended in negative territory.- BSE Commodities, BSE Healthcare, BSE Metals and BSE Realty ended with negative returns of close to 3%.- Flls continue to be a net seller to the tune of Rs. 16.934.65 crores, to date in Sep'23.- Markets reacted negatively to the US Fed's hawkish stance on interest rates as they increased the Fed Funds rate projections for 2024-25.- PICK OF THE WEEK – SBI - TARGET - Rs 725- Loan growth is getting broad-based- NIM outlook looks comfortable to be held at current levels- Asset quality is holding up well leading to lower credit costs and- Focus would be on retaining return ratios closer to current levelsAPN: SBI among top stock picksFIIs net sellersYour weekly market outlook is here. Tune in to form your trading strategy