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<h2>Top News</h2>1. SEBI in a circular has extended the date for KRAs to independently validate KYC records to August 1.

2. India’s fiscal deficit hit ₹2.04 lakh crore, or 12.3% of the annual budget target for FY23 compared to 8.2% of the budget during the same period last year.

3. GST collections for June 2022 touched ₹1.44 lakh crore mark, a jump of 56% compared to the same month previous year.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and <a target="_blank" href="https://kuvera.in/">kuvera.in</a>.

Weekend Wrap: Top news and market movers this week: 1 July 2022

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 1 July 2022.</li></ul>

June GST collections rise 56% to ₹1.44 lakh cr, second-highest since rollout

Rupee rebounds from all-time low, rises 12 paise to 78.94 per dollar

India moves to leadership position in large-value digital payment system, RBI report

Half Yearly Review: Sensex, Nifty down 9%; a good opportunity for long-term investors

Zydus Wellness in a sweet spot! BoB Caps sees the stock rising 34% going ahead

Cryptocurrency prices today: Bitcoin, Ethereum rise marginally; most others trad

ITC shares hit 52-week high; up 30% this year; analysts see more upside

Reliance cracks 7% as govt imposes surprise duty on crude exports

Titan sheds 6% in intra-day deals as govt hikes gold import duty to strengthen falling rupee

Reliance Jio adds 4.22 million subscribers in June, Airtel gains 0.79 million users: TRAI

According to Trai data, Jio had the greatest share of the market with 36 percent, Airtel was second (31.63 percent), and Vodafone Idea was third (22.37 percent) at the end of June.

RBI seeks consultations on charges levied on digital payments

Banking regulator’s discussion paper asks stakeholders for their views on charges levied for UPI and other RBI-operated systems, and interchange fees on cards

FPI buying streak signals more upside for Indian equities: Report

There have been 43 other instances of such double-digit stretches of foreign portfolio investor (FPI) buying over the past five years, and in 95 percent of those cases, the benchmark was up after an additional 60 days — with an average gain of 9 percent.

Nifty to see a profit booking soon; financials, hospitality look attractive, says Vinit Bolinjkar of Ventura Securities

Bolinjkar believes financials will continue to do well while the hotels and hospitality industry also looks to be in a sweet spot.

Gifting stocks? These are the points to remember if you want to save tax

Towfiqu Barbhuiya

Stock gifting is transferring stocks from your demat account to the demat account of a family member or acquaintance. Giving stock as a gift has never been easier and it comes with a slew of advantages. Read the article to learn more about how this happens.