Weekend Wrap: Top news and market movers this week: 9 December 2022

Updated: 10 Dec 2022, 10:17 AM IST
TL;DR.

  • From top newsmakers to market performance, here's the market wrap for the week ended 9 December 2022.

Several commercial banks have raised their FD rates following the RBI rate hike

Top News

1. RBI’s MPC hiked the repo rate by 35 basis points to 6.25% and revised the estimate of real GDP growth from 7% to 6.8% for FY23.

2. SIP inflows jumped 21% on Y-o-Y basis to hit an all-time high of 13,306 crore in November 22 compared to inflows of 11,005 crore in November 21. Total number of SIP folios jumped to 6.05 crore in November 2022.

3. Open ended equity mutual funds witnessed inflows of 9,937 crore in November 2022. The net Asset Under Management (AUM) of the Mutual Fund industry rose to 40.50 lakh crore.

4. Axis MF has launched the NFO for Axis Long Duration Growth Direct Plan.

 

Index Returns
Best Performers
Worst Performers
Bought and sold
Most Watchlisted

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.in.

First Published: 10 Dec 2022, 10:17 AM IST