Weekly Fundamental Podcast With Rini Mehta | 6th Feb 2023

Highlights of 6th February Fundamental Weekly Podcast - Nifty gained 1.4% while Sensex gained around 2.6% - BSE Midcap Index lost 0.20% while BSE 500 Index gained 0.5% -Indian equity markets remained concerned about growth prospects, even as inflation continued its downward trajectory - US Fed announced a benchmark lending rate at the end of its two-day policy meeting, taking the rate to a target range of 4.50-4.75%. - FII continues to be net seller to the tune of Rs. 2218 crore, till date in Feb’23. - PICK OF THE WEEK – BAJAJ LIFE - TARGET - Rs 1,525 - Life remains strong, non-life weak in core segments - Bajaj Life delivered impressive growth and margin expansion—interestingly faster growth in agency over bancassurance in 3QFY23 - We upgrade to ADD from REDUCE with FV of Rs1,525