Highlights of 21st November '22 Fundamental Weekly Podcast

- Equity market in India posted nominal negative returns with majority of indices posting decline. -With Q2FY23 earnings season behind, the market focus now shifts towards domestic and global macro factors.

- October CPI inflation fell to 6.77% and domestic inflation is expected to moderate gradually.

- FII continues to be net buyer to the tune of Rs 13,590.14 cr, till date in Nov’22. - PICK OF THE WEEK – NMDC - TARGET - Rs 130.

- NMDC has announced a sharp 9% price cut for iron ore in its attempt to revive volumes in 2HFY23.

- We see a strong re-rate case for NMDC after the steel plant demerger with improved capital allocation. Your weekly market outlook is here,

Rini Mehta. Tune in to form your trading strategy.