scorecardresearchWeekend Wrap: From Indian Overseas Bank to Infosys; Top news and market movers this week: 16 December 2022

Weekend Wrap: From Indian Overseas Bank to Infosys; Top news and market movers this week: 16 December 2022

Updated: 17 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.
Index heavyweights such as State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Axis Bank and ONGC were among top BSE Sensex gainers.

Index heavyweights such as State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Axis Bank and ONGC were among top BSE Sensex gainers.

Top News

1. Wholesale Price Inflation (WPI) eased to a 21-month low of 5.85% in November 2022, from 8.39% in the previous month, while retail inflation eased to a 11-month low of 5.8% in November 2022.

2. India’s foreign exchange reserves (Forex) reserves increased by USD 2.91 billion to reach USD 564.07 Billion for the week ending Dec 09.

3. IPOs of Landmark Cars, Sula Vineyards and All E Technologies IPO got oversubscribed by 3.06, 2.33 and 88.69 respectively.

4. ICICI MF, Kotak Mahindra MF, Quant MF, SBIMF and UTI MF have launched the NFOs for ICICI Prudential Nifty SDL Sep 2026 Index Fund, Kotak Nifty SDL Jul 2026 Index Fund, Quant Gilt Fund, SBI Long Duration Fund and UTI CRISIL SDL Maturity April 2033 Index Fund.

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

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