Highlights of 5th December '22 Fundamental Weekly Podcast

- Nifty Index and Sensex gained around 0.99% in the past week creating all-time high.

- BSE Midcap Index and BSE SmallCap Index gained more than 1.50%.

- Steady softening of global bond yields on expectations of ‘peak’ inflation and a decline in crude prices helped equity markets continue the momentum.

- FII’s turned net buyer in the month of November to the tune of Rs22,546 cr.

- FIIs flows are expected to remain volatile in the near term.

- PICK OF THE WEEK –

Zomato - TARGET - Rs 100 - Prosus, an investor in Swiggy, disclosed some data points on Swiggy’s 1HCY22 operating performance.

- Zomato seems to have captured incremental market share against Swiggy. - We remain positive on Zomato with an FV of Rs100.