Top news and market movers this week: 30 Aug’2024

Top news

Shares of Orient Technologies got listed at a premium of 39.80% over the issue price of Rs 206.
Premier Energies Limited got oversubscribed by 75.00 times. ECOS (India) Mobility & Hospitality Limited got oversubscribed by 64.18 times and Baazar Style Retail Limited got oversubscribed by 0.73 times.

Kotak AMC and Whiteoak AMC have launched the NFO for Kotak Crisil Ibx Aaa Financial Services Index Sep 2027 Fund and Whiteoak Capital Arbitrage The NFO closes on 11 September 24 and 3 September 24 respectively

Up to July 2024, the Government of India has collected a revenue of ₹10,23,406 crore which is 31.9% of Budget Estimates for FY 2024-25. The receipts consist of ₹7,15,224 crore under tax revenue, ₹3,01,796 crore under non-tax revenue, and ₹6,386 crore under non-debt capital receipts.

Index Returns

Index	1W	1Y	3Y	P/E	P/B
NIFTY 50	1.7%	30.4%	14.7%	23.47	4.26
NIFTY NEXT 50	1.2%	68.3%	22.9%	26.79	5.12
S&P BSE SENSEX	1.6%	26.6%	17.9%	24.16	4.17
S&P BSE SmallCap	0.6%	52.0%	35.2%	35.69	4.15
S&P BSE MidCap	1.5%	57.2%	26.9%	33.48	4.45
NASDAQ 100	-0.7%	26.36%	12.7%	41.4	3.8
S&P 500	0.2%	25.1%	10.4%	29.5	5.1

Best Performers

Mutual Funds	1W	1Y	3Y
Kotak Nifty Financial Services Ex-Bank...	4.3%	36.1%	NA
Axis Nifty IT Index	4.1%	39.7%	NA
Bandhan Nifty IT Index	4.1%	NA	NA
Nippon India Nifty IT Index	4.1%	NA	NA
ICICI Prudential Nifty IT Index	4.1%	39.5%	NA

ELSS Tax Saving Funds	1W	1Y	3Y
Quantum ELSS Tax Saver	2.4%	45.6%	20.3%
DSP ELSS Tax Saver Growth	2.4%	49.8%	22.9%
UTI ELSS Tax Saver	2.1%	38.5%	16.4%
Axis ELSS Tax Saver	2.1%	38.1%	10.8%
HDFC ELSS Tax Saver	2.0%	47.9%	26.8%

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
Sundaram Finance	14.4%	94.5%	27.5%
Bharti Hexacom	11.8%	NA	NA
Bajaj Auto	9.9%	133.5%	31.6%
Bajaj Finserv	9.7%	18.6%	20.6%
Oil India	8.8%	300.7%	49.9%

Worst Performers

Mutual Funds	1W	1Y	3Y
HSBC Brazil Growth Direct	-2.6%	-0.6%	-0.7%
Motilal Oswal Nifty India Defence Index Growth	-2.2%	NA	NA
Motilal Oswal NASDAQ 100 ETF*	-2.04%	29.60%	12.30%
PGIM India Emerging Markets Equity	-1.6%	23.9%	-8.40%
SBI International Access US Equity FoF	-1.3%	32.4%	12.8%

Stocks (Market cap > Rs 50k Cr)	1W	1Y	5Y
Ola Electric Mobility	-10.2%	NA	NA
Zydus Lifesciences	-6.8%	78.5%	38.7%
Adani Energy Solutions	-6.5%	17.5%	33.7%
Adani Power	-6.2%	90.0%	61.6%
Indian Renewable Energy Development Agency	-6.1%	NA	NA

Bought and Sold

Most Bought MF	1W	1Y	3Y
Parag Parikh Flexi Cap	0.4%	40.0%	20.4%
Motilal Oswal Midcap	0.4%	69.7%	40.1%
UTI Nifty 50 Index	1.7%	31.6%	15.3%
Bandhan Small Cap	1.1%	76.2%	31.1%
Quant Flexi Cap	0.2%	58.4%	28.1%

Most sold MF	1W	1Y	3Y
SBI Focused Equity	0.3%	29.5%	15.0%
Mirae Asset Large Cap	1.7%	31.3%	15.0%
PGIM India Midcap Opportunities	1.2%	35.7%	18.8%
SBI Small Cap	0.4%	39.4%	26.3%
Mirae Asset Arbitrage	0.0%	8.4%	6.5%

Most Watchlisted

Mutual Fund Watchlist	1W	1Y	3Y
Axis Nifty 50 Index	1.7%	31.1%	NA
Axis Small Cap	0.7%	40.3%	25.2%
UTI Nifty Next 50 Index	1.2%	68.7%	23.0%
Motilal Oswal Midcap	1.1%	69.7%	40.1%
Parag Parikh Flexi Cap	0.4%	40.0%	20.4%

Stocks Watchlist	1W	1Y	5Y
Indian Railway Finance Corporation	-1.6%	260.9%	NA
Suzlon Energy	-2.2%	207.7%	86.6%
Tata Motors	4.0%	83.0%	57.6%
Bharat Heavy Electricals	-3.0%	153.4%	41.9%
Tata Steel	-0.9%	27.8%	35.4%

US Stocks Watchlist	1W	1Y	5Y
NVIDIA Corporation	-7.7%	140.2%	95.0%
Taiwan Semiconductor Manufact..	-0.5%	81.4%	32.2%
Meta Platforms	-1.3%	75.8%	22.8%
Super Micro Computer	-28.6%	73.7%	89.7%
Amazon	0.8%	32.0%	15.0%

Data Source: NSE, BSE & Kuvera.in

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This market update was initially published by Livemint.
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