Top news and market movers this week: 07 June’2024

Top news

The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times.

Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on 19th June.

India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024.

The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times.

Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on 19th June.

India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024.

The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times.

Index Returns

Index	1W	1Y	3Y	P/E	P/B
NIFTY 50	3.4%	24.4%	47.9%	22.2	4.1
NIFTY NEXT 50	2.5%	61.0%	77.7%	24.7	4.9
S&P BSE SENSEX	3.7%	21.5%	46.6%	23.2	3.8
S&P BSE SmallCap	3.1%	54.5%	98.1%	34.1	3.6
S&P BSE MidCap	2.9%	59.0%	94.4%	30.7	4.0
NASDAQ 100	2.5%	30.8%	12.7%	30.9	3.1
S&P 500	1.3%	24.4%	10.4%	27.8	4.8

Best Performers

Mutual Funds	1W	1Y	3Y
ICICI Prudential Nifty IT Index	8.6%	23.7%	NA
Bandhan Nifty IT Index	8.5%	NA	NA
Nippon India Nifty IT Index	8.5%	NA	NA
Axis Nifty IT Index	8.5%	NA	NA
Kotak Consumption	7.4%	NA	NA

ELSS Tax Saving Funds	1W	1Y	3Y
UTI ELSS Tax Saver	4.7%	32.4%	16.5%
Axis ELSS Tax Saver	4.4%	28.2%	11.6%
Quantum ELSS Tax Saver	4.1%	41.5%	18.2%
NJ ELSS Tax Saver Scheme	4.0%	NA	NA
PGIM India ELSS Tax Saver	3.7%	23.2%	16.8%

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
Mahindra & Mahindra	14.6%	102.5%	35.1%
Prestige Estates Projects	14.5%	238.7%	44.0%
Oracle Financial Services Software	13.3%	136.7%	20.3%
United Breweries	12.5%	43.7%	9.5%
Jindal Stainless	12.3%	164.5%	85.1%

Worst Performers

Mutual Funds	1W	1Y	3Y
DSP World Mining	-3.1%	5.9%	3.2%
HDFC Defence	-2.8%	110.2%	NA
Invesco India PSU Equity	-2.4%	93.2%	39.1%
Quant PSU	-2.3%	NA	NA
ABSL Silver ETF FoF	-1.9%	25.0%	NA

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
REC	-9.3%	239.9%	34.7%
Indian Bank	-7.6%	90.4%	14.9%
Bharat Dynamics	-7.5%	140.2%	57.8%
Adani Energy Solutions	-7.2%	25.0%	34.9%
Linde India	-6.9%	113.8%	72.6%

Bought and Sold

Most Bought MF	1W	1Y	3Y
Parag Parikh Flexi Cap	1.4%	34.7%	21.8%
UTI Nifty 50 Index	3.4%	25.5%	15.0%
Quant Small Cap	2.0%	64.1%	34.9%
Quant Mid Cap	0.8%	73.8%	34.7%
Quant Flexi Cap	1.6%	61.2%	28.8%

Most sold MF	1W	1Y	3Y
Quant Momentum	1.8%	NA	NA
Kotak Equity Arbitrage	0.4%	8.9%	6.6%
Navi S&P BSE Sensex Index	3.7%	NA	NA
DSP US Flexible Equity	1.3%	22.7%	11.9%
ABSL ELSS Tax Saver	3.1%	34.7%	12.5%

Most Watchlisted

Mutual Fund Watchlist	1W	1Y	5Y
Axis Nifty 50 Index	3.4%	25.4%	NA
Bandhan Small Cap	3.3%	67.1%	28.1%
Axis Small Cap	3.2%	36.8%	25.5%
UTI Nifty Next 50 Index	2.5%	61.4%	21.7%
Bandhan Core Equity	2.2%	55.8%	25.9%

Stocks Watchlist	1W	1Y	5Y
Tata Motors	5.0%	74.6%	41.7%
Indian Railway Finance Corporation	-1.7%	437.5%	NA
Bharat Heavy Electricals	-1.8%	240.5%	33.0%
Bharat Electronics	-2.6%	139.9%	51.4%
Suzlon Energy	9.9%	309.0%	59.0%

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Data Source: NSE, BSE & Kuvera.in

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This market update was initially published by Livemint.
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