Top news and market movers this week: 22 Sep’ 2023

Top news

SEBI empanels 34 entities for conducting forensic investigation of Mutual Funds, AMCs, Trustees in a bid to safeguard unitholders' interest amidst the expanding mutual fund industry.

Shares of R R Kabel and EMS got listed at a premium of 14% and 33% over the issue price of Rs 1035 and Rs 211 respectively while IPO of SAMHI Hotels, Zaggle Prepaid Ocean Services and Yatra Online got oversubscribed by 5.7, 12.9 and 1.7 times respectively.

The US Federal Reserve held the interest rates steady in the 5.25%-5.50% range but indicated another increase this year.

As per the data released by Central Board of Direct Taxes, India’s direct tax collections surged by 23.5% to Rs 8.65 lakh crore between 01/April and 16/Sep on an annual basis.

SEBI empanels 34 entities for conducting forensic investigation of Mutual Funds, AMCs, Trustees in a bid to safeguard unitholders' interest amidst the expanding mutual fund industry.

The US Federal Reserve held the interest rates steady in the 5.25%-5.50% range but indicated another increase this year.

As per the data released by Central Board of Direct Taxes, India’s direct tax collections surged by 23.5% to Rs 8.65 lakh crore between 01/April and 16/Sep on an annual basis.

Index Returns

Index	1W	1Y	3Y	P/E	P/B
NIFTY 50	-3.0%	11.6%	20.50%	22.2	4.4
NIFTY NEXT 50	-1.9%	2.2%	19.2%	25.5	4.4
S&P BSE SENSEX	-2.7%	11.7%	17.90%	24.2	3.6
S&P BSE SmallCap	1.1%	16.1%	35.2%	29.3	3.1
S&P BSE MidCap	-1.7%	23.6%	26.9%	25.5	3.2
NASDAQ 100	-3.3%	30.0%	10.2%	29.8	3.8
S&P 500	-2.9%	17.0%	9.6%	20.1	4.1

Best Performers

Mutual Funds	1W	1Y	3Y
Axis AAA Bond + SDL ETF 2026 FoF	0.4%	7.1%	NA
Invesco India PSU Equity	0.4%	34.7%	32.7%
Bharat Bond ETF FoF April 2032	0.4%	6.8%	NA
Kotak Nifty SDL Jul 2033	0.4%	NA	NA
Nippon India Nivesh Lakshya	0.4%	8.5%	4.7%

ELSS Tax Saving Funds	1W	1Y	3Y
NJ ELSS Tax Saver Scheme	-1.2%	NA	NA
Parag Parikh Tax Saver	-1.4%	18.5%	25.9%
Shriram Long Term Equity	-1.5%	10.2%	18.5%
Samco ELSS Tax Saver	-1.6%	NA	NA
Kotak Tax Saver	-1.6%	17.2%	27.0%

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
Indian Overseas Bank	18.5%	135.0%	24.3%
Berger Paints India	10.2%	7.2%	20.5%
REC	9.9%	163.1%	29.1%
Union Bank Of India	7.8%	119.2%	5.9%
Power Finance Corporation	6.6%	164.2%	31.7%

Worst Performers

Mutual Funds	1W	1Y	3Y
Invesco Ind Invesco Global Consumer...	-6.4%	7.2%	NA
Nippon India Taiwan Equity	-5.0%	24.9%	NA
Edelweiss US Technology Equity FoF	-4.7%	29.7%	9.9%
Kotak Global Innovation FoF	-4.7%	19.0%	NA
PGIM India Emerging Markets Equity	-4.4%	-1.2%	-8.3%

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
IRFC	7.6%	249.4%	NA
Macrotech Developers	7.5%	37.7%	NA
Max Healthcare Institute	7.0%	24.3%	NA
Zydus Wellness	6.9%	-0.8%	1.1%
HDFC Bank	6.9%	-5.0%	6.1%

Bought and Sold

Most Bought MF	1W	1Y	3Y
Parag Parikh Flexi Cap	-1.8%	20.7%	25.3%
UTI Nifty 50 Index	-2.6%	12.5%	22.0%
Quant Small Cap	-2.2%	32.6%	48.6%
IPRU Equity Arbitrage	0.2%	7.6%	5.4%
HDFC Balanced Advantage	-0.7%	23.1%	30.5%

Most sold MF	1W	1Y	3Y
Axis Bluechip	-2.3%	5.6%	16.4%
Nippon India Arbitrage	0.2%	7.7%	5.5%
Axis Long Term Equity	-1.9%	6.1%	17.4%
Baroda BNP Paribas Arbitrage	0.1%	7.5%	5.3%
Tata Digital India	-0.9%	24.5%	26.9%

Most Watchlisted

Mutual Fund Watchlist	1W	1Y	3Y
Motilal Oswal Midcap	-3.3%	18.0%	38.8%
Axis Small Cap	-2.0%	21.0%	35.1%
IPRU Bluechip	-2.3%	18.3%	25.4%
IPRU Value Discovery	-1.4%	25.7%	31.4%
Bandhan Sterling Value	-2.0%	21.5%	38.2%

Stocks Watchlist	1W	1Y	5Y
Tata Motors	-2.2%	45.2%	20.2%
IDFC First Bank	-1.6%	84.5%	18.2%
Tata Steel	-5.8%	21.2%	17.6%
ITC	-1.1%	30.0%	10.4%
Suzlon Energy	1.9%	219.5%	32.6%

US Stocks Watchlist	1W	1Y	5Y
NVIDIA	-7.9%	231.5%	44.8%
Netflix	-4.6%	60.2%	1.0%
Microsoft	-4.8%	32.8%	23.9%
Alphabet	-0.3%	30.1%	17.3%
Apple	0.1%	15.1%	27.3%

Data Source: NSE, BSE & Kuvera.in

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Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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The securities quoted are for illustration only and are not recommendatory.

This market update was initially published by Livemint.
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