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In FY 23, the direct tax-to-GDP ratio reached a record high of 6.1%, up from 5.62% in FY 14. The number of income tax returns filed in FY 23 doubled to 77.8 million, compared to 38 million filed in FY 14.
India overtakes Hong Kong as the world's fourth largest stock market. The combined value of shares listed on Indian exchanges reached $4.33 trillion versus $4.29 trillion for Hong Kong as of closing on 22 Jan’24.
Shares of Medi Assist Healthcare Ltd got listed at a premium of 11% over issue price of Rs 418 while IPO of EPACK Durable got oversubscribed by 16.79 times.
PGIM AMC launched the NFO for PGIM India Large & Mid Cap Growth Fund. The NFO closes on 7th February 2024.
Index Returns
| Index | 1W | 1Y | 3Y | P/E | P/B |
|---|---|---|---|---|---|
| NIFTY 50 | -0.5% | 19.3% | 14.1% | 22.3 | 3.7 |
| NIFTY NEXT 50 | 0.6% | 33.2% | 17.6% | 26.0 | 4.4 |
| S&P BSE SENSEX | -0.7% | 17.4% | 17.9% | 24.4 | 3.6 |
| S&P BSE SmallCap | 0.9% | 57.6% | 35.2% | 32.6 | 3.4 |
| S&P BSE MidCap | 0.5% | 53.1% | 26.9% | 26.3 | 3.5 |
| NASDAQ 100 | 0.6% | 43.2% | 8.9% | 26.3 | 5.2 |
| S&P 500 | 1.1% | 20.2% | 8.2% | 26.6 | 4.6 |
Best Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| Mirae Asset Hang Seng Tech ETF FoF | 4.6% | -18.1% | NA |
| Edelweiss US Technology Equity FoF | 3.9% | 62.3% | 4.8% |
| HSBC Asia Pacific Dividend Yield | 3.6% | -0.3% | -1.3% |
| 3.5% | -20.3% | -18.5% | |
| Axis Greater China Equity FoF | 3.2% | 52.4% | 13.3% |
| ELSS Tax Saving Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| Shriram ELSS Tax Saver | 0.1% | 34.6% | 17.9% |
| Quant ELSS Tax Saver | -0.1% | 40.0% | 34.6% |
| Quantum ELSS Tax Saver | -0.3% | 28.0% | 18.2% |
| Invesco India ELSS Tax Saver | -0.4% | 36.7% | 17.8% |
| Groww ELSS Tax Saver | -0.5% | 29.5% | 23.1% |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| Oracle Financial Services Software | 31.9% | 115.0% | 14.0% |
| Rail Vikas Nigam | 25.6% | 300.2% | NA |
| IDBI Bank | 21.6% | 55.9% | 6.5% |
| Indian Railway Finance Corp | 16.6% | 433.3% | NA |
| NHPC | 14.1% | 91.5% | 27.1% |
Worst Performers
| Mutual Funds | 1W | 1Y | 3Y |
|---|---|---|---|
| HDFC Defence | -2.5% | NA | NA |
| PGIM India Midcap Opportunities | -2.4% | 23.7% | 24.7% |
| IPRU FMCG | -2.3% | 21.0% | NA |
| DSP Midcap | -2.2% | 39.2% | 18.6% |
| DSP Focus | -2.1% | 36.0% | 15.5% |
| Stocks (Market cap > Rs 50k Cr) | 1W | 1Y | 5Y |
|---|---|---|---|
| LTIMindtree | -12.4% | 21.9% | 27.2% |
| Havells India | -9.9% | 8.1% | 13.7% |
| Asian Paints | -9.0% | 4.9% | 17.1% |
| IndusInd Bank | -8.0% | 24.7% | -0.2% |
| Mankind Pharma | -7.7% | NA | NA |
Bought and Sold
| Most Bought MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Parag Parikh Flexi Cap | 1.2% | 37.0% | 23.3% |
| Quant Small Cap | 3.0% | 59.7% | 48.6% |
| UTI Nifty 50 Index | -0.5% | 20.4% | 15.6% |
| Quant Flexi Cap | 2.7% | 43.0% | 35.1% |
| Quant Mid Cap | 1.7% | 48.3% | 38.7% |
| Most sold MF | 1W | 1Y | 3Y |
|---|---|---|---|
| Axis Bluechip | -0.1% | 21.0% | 11.0% |
| Axis Focused 25 | -0.5% | 22.9% | 7.9% |
| Motilal Oswal Nasdaq 100 FoF | 4.6% | 52.4% | 13.3% |
| 3.5% | -20.3% | -18.5% | |
| ABSL ELSS Tax Saver | -1.0% | 23.6% | 10.6% |
Most Watchlisted
Mutual Fund Watchlist | 1W | 1Y | 3Y |
|---|---|---|---|
| Motilal Oswal Midcap | -0.3% | 48.3% | 36.6% |
| Axis Small Cap | 0.6% | 39.6% | 32.0% |
| IPRU Bluechip | 0.4% | 30.6% | 21.0% |
| IPRU Value Discovery | 0.7% | 34.1% | 27.6% |
| Bandhan Small Cap | 1.1% | 67.0% | 33.2% |
Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| Suzlon Energy | 4.0% | 340.9% | 54.1% |
| Tata Motors | 0.8% | 92.3% | 40.8% |
| Indian Railway Finance Corp | 16.6% | 433.3% | NA |
| REC | 10.3% | 282.6% | 40.0% |
| Tata Power Co | 4.7% | 77.4% | 36.3% |
US Stocks Watchlist | 1W | 1Y | 5Y |
|---|---|---|---|
| NVIDIA Corporation | 2.6% | 199.7% | 72.6% |
| Meta Platforms | 2.8% | 159.8% | 21.4% |
| Microsoft Corporation | 1.3% | 62.8% | 31.7% |
| Netflix, Inc. | 18.1% | 58.1% | 11.0% |
| Amazon.com | 2.4% | 55.6% | 13.7% |
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.
Investment in the securities is subject to market risks. Read all the related documents carefully before investing.
The securities quoted are for illustration only and are not recommendatory.
This market update was initially published by Livemint.
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