- Sensex 30 and Nifty 50 index ended the week with positive returns.

- BSE Midcap and BSE Smallcap index gave positive returns between 1-2%.

- Q3FY23 GDP growth stood at 4.4%, while January 2023 GST collected in February 2023 grew by 12% over same period last year.

- Euro zone inflation for February 2023 came in at 8.5%.

- FII continues to be net buyer to the tune of Rs.12,592 crore, till date in March’23.

- PICK OF THE WEEK – FEDERAL BANK TARGET

- Rs 160 - The underlying macro conditions continue to remain favorable, which would result in headline return ratios improving further.

- This could result in our earnings to be upgraded but ability to sustain these higher ratios could result in the stock trading at higher multiples as well.

- Maintain BUY with an unchanged FV 160.

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