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