Top news
FM Nirmala Sitharaman announced some key reforms -
- Income tax rebate limit increased to Rs 7 lakh from Rs 5 lakh in the new tax regime
- The tax exemption limit increased to Rs 3 lakh from Rs 2.5 lakh and slabs reduced to five in the new tax regime
- Highest surcharge rate reduced from 37% to 25%. Thus reduction in maximum income tax to 39% from 42.74%
- CAPEX hiked by 33% to Rs 10 lakh crores, Rs 2.4 lakh crore capital for railways, Rs 5.94 lakh crore for Defence
- Fiscal deficit target at 5.9% of GDP for FY24
India’s infrastructure output increased 7.4% year-on-year in December 2022. Infrastructure output went up 8% from April to December
GST collections for January 2023 touched Rs 1.56 lakh crores, making it the second highest GST collection ever. A jump of 24% compared to the same month previous year
Axis MF, PGIM MF and Mirae Asset MF have launched the NFO for Axis Business Cycles Fund, PGIM India Crisil Ibx Gilt Index Apr 2028 Fund, and Mirae Asset Flexi Cap. The NFOs close on February 16, February 16 and February 17 respectively
Index Returns
| Index | 1W | 1Y | 3Y | P/E | P/B |
|---|---|---|---|---|---|
| NIFTY 50 | 1.4% | 1.7% | 15.2% | 20.9 | 4.2 |
| NIFTY NEXT 50 | -2.0% | -8.5% | 12.0% | 25.8 | 4.4 |
| S&P BSE SENSEX | 2.6% | 3.5% | 15.2% | 22.8 | 3.4 |
| S&P BSE SmallCap | 0.9% | -6.6% | 24.7% | 22.7 | 2.7 |
| S&P BSE MidCap | 0.5% | -1.9% | 17.3% | 24.7 | 2.8 |
| NASDAQ 100 | 3.3% | -14.4% | 11.7% | 25.8 | 6.6 |
| S&P 500 | 1.6% | -8.1% | 8.6% | 19.6 | 4.2 |
Best Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| Mirae Asset NYSE FANG ETF FoF | 8.1% | -14.7% | NA |
| Edelweiss US Technology Equity FoF | 6.9% | -13.3% | NA |
| ABSL Nasdaq 100 FoF | 6.1% | -5.7% | NA |
| Axis Nasdaq 100 FoF | 6.1% | NA | NA |
| Navi Nasdaq 100 FoF | 6.0% | NA | NA |
| ELSS Tax Saving Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| LIC MF Tax | 3.2% | -2.8% | 11.2% |
| HSBC ELSS | 2.6% | -1.3% | 13.6% |
| IDBI Equity Advantage | 2.5% | 0.5% | 11.9% |
| Edelweiss Long Term Equity | 2.4% | -0.3% | 15.8% |
| Motilal Oswal Long Term Equity | 2.3% | 0.4% | 13.8% |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| ITC | 12.2% | 64.0% | 8.8% |
| Shree Cement | 10.5% | -3.2% | 7.8% |
| Cholamandalam | 8.7% | 22.2% | 25.3% |
| Ultratech Cement | 7.2% | -3.4% | 11.8% |
| Tata Motors | 6.3% | -12.0% | 3.0% |
Worst Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| IPRU Nifty Pharma Index | -2.5% | NA | NA |
| IPRU Strategic Metal & Energy Equity FoF | -2.5% | NA | NA |
| Nippon India Nifty Next 50 Junior Bees FoF | -2.4% | -8.3% | 12.0% |
| IDBI Healthcare | -2.4% | -10.6% | 15.7% |
| SBI Nifty Next 50 Index | -2.0% | -7.9% | NA |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| Adani Total Gas | -55.7% | -13.6% | NA |
| Adani Enterprises | -53.2% | -10.8% | 52.4% |
| Adani Green Energy | -49.6% | -51.2% | NA |
| Adani Transmission | -44.6% | -30.8% | 52.9% |
| Adani Ports and SEZ | -30.1% | -33.1% | 2.7% |
Bought and Sold
| Most Bought MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Parag Parikh Flexi Cap | 3.4% | -1.4% | 23.8% |
| UTI Nifty 50 Index | 1.4% | 2.7% | 16.1% |
| Quant Small Cap | 0.8% | 2.1% | 50.5% |
| UTI Nifty Next 50 Index | -2.0% | -7.9% | 12.3% |
| Quant Tax | -1.3% | 0.6% | 37.9% |
| Most sold MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Axis Focused 25 | 1.3% | -15.2% | 7.4% |
| Quant Absolute | -0.8% | 6.1% | 29.9% |
| Quant Active | -0.9% | -0.2% | 34.4% |
| DSP Equity & Bond | 2.0% | -1.6% | 12.4% |
| PGIM India Equity Saving | 0.4% | 4.0% | 8.6% |
Most Watchlisted
Mutual Fund Watchlist | 1W | 1Y | 3Y |
|---|---|---|---|
| Axis Small Cap | 2.0% | 2.0% | 24.8% |
| Quant Mid Cap | 0.3% | 7.7% | 34.7% |
| ABSL Medium Term | 0.3% | 26.6% | 13.8% |
| Quant Small Cap | 0.8% | 2.1% | 50.5% |
| Quant Tax | -1.3% | 0.6% | 37.9% |
Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| Adani Power | -26.5% | 77.2% | 44.0% |
| ITC | 12.2% | 64.0% | 8.8% |
| Adani Total Gas | -55.7% | -13.6% | NA |
| Adani Enterprises | -53.2% | -10.8% | 52.4% |
| Tata Motors | 6.3% | -12.0% | 3.0% |
US Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| Amazon.com | 1.1% | -34.4% | 7.7% |
| Microsoft Corporation | 4.1% | -15.6% | 24.4% |
| Apple | 5.9% | -10.4% | 32.2% |
| Tesla | 6.8% | -38.3% | 52.6% |
| Meta Platforms | 22.9% | -21.3% | 0.8% |
Data Source: NSE, BSE & Kuvera.in
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This market update was initially published by Livemint.
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