Weekly Fundamental Podcast With Rini Mehta | 13th Nov 2023
Kotak Market Mantra by Kotak Securities
Episode notes
Highlights of 13th November Fundamental Weekly Podcast:
- Both BSE 30 and NIfty 50 index gained this week, following the trend in global equity markets, the BSE Mid-cap and Small-cap index outperformed the larger peers in the domestic market.
- Majority of the sectoral indices gave positive returns during the week.
- The Q2FY24 earnings season has been slightly ahead of estimates so far. Oil prices corrected during the week and Brent crude is now trading at ~$80 per barrel.
- FIIs continue to be a net cash seller to the tune of Rs. 6170 crores, to date in Nov’23. In Oct’23, they were net cash sellers of Rs.29,056.61 cr.
- Result update; HDFC AMC Analyst Day gave comfort that the business is benefiting from strong fund performance, industry flow tailwinds and fading concerns about impactful regulatory interventio ...