Weekly Fundamental Podcast With Rini Mehta | 26th Dec 2022

Highlights of 26th December '22 Fundamental Weekly Podcast: - Sensex 30 and Nifty 50 indices corrected ~2%. - BSE midcap and NSE smallcap indices was much sharper. - Most the sectors reported negative returns due to broader weakness in the markets. - Equity markets witnessed a large increase in volatility as worries emanated from the reported increase in Covid cases in China, while strong US GDP data added belief regarding ‘higher for longer’ interest rates. - FII continues to be net seller to the tune of Rs 8469 cr, till date in Dec’22. - FPI flows till date in the month of Dec’22 were negative for all emerging markets, except for India. - PICK OF THE WEEK – IRB INFRA - TARGET - Rs 340 - Improving toll collections - Traffic levels across key stretches of IRB are holding up quite well - Debt to come down from current levels on debt repayment and new projects being taken under private InVIT