Big news for the week was the sharp spike in oil prices, but macros are still ambivalent.
In December, the Fed surprised markets with a dovish tone, projecting 75 basis points of rate cuts in 2024.
Russia is anticipated to reduce exports of naphtha, a crucial petrochemical feedstock
Company likely to outperform within the sector during the quarter.
Recommendation: Buy; Target price: Rs 1870
Strong performance expected from the company.
The coming week is likely to be a heavy week with the Union Budget and the Fed policy statement.
Margin contraction likely during the quarter.
The healthcare sector, however, anticipates increased expenditure, equitable supply, and strategic investments in innovation, research, and development.
Petrol and Diesel prices in cities across India on 29-01-2024
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