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<h2>Top News</h2>1. Open ended equity mutual funds witnessed <a target="_blank" href="https://mintgenie.livemint.com/news/personal-finance/equity-mutual-funds-continue-to-see-positive-momentum-span-class-webrupee-span-18-529-crore-inflow-recorded-in-may-151654764180805">inflows of ₹18,529 crore in May</a> 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at ₹37.02 lakh crore.

2. SIP inflows <a target="_blank" href="https://mintgenie.livemint.com/news/personal-finance/debt-mutual-funds-saw-an-outflow-of-rs-32-722-crore-in-may-amfi-data-151654769438442">stood at ₹12,286 crore in May 2022</a>, a jump of 39% compared to inflows of ₹8819 crore in the same month last year. Total number of SIP folios jumped to 5.48 crore in May 2022 from 5.39 crore in April.

3. <a target="_blank" href="https://mintgenie.livemint.com/news/topic/rbi">RBI’s MPC hiked the repo rate</a> by 50 basis points to 4.9% and revised the estimate of real GDP growth to 7.2% in FY23 while inflation is now projected at 6.7%.

4. IPO of <a target="_blank" href="https://mintgenie.livemint.com/news/markets/silver-pearl-hospitality-ipo-to-open-on-june-6-key-things-to-know-before-subscribing-151654081148156">Silver Pearl Hospitality </a>got oversubscribed by 1.68 times.

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: 10 June 2022

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 10 June 2022.</li></ul>

Market volatility to continue, stick to largecaps, says S Naren of ICICI Prudential AMC

Analysis: Chemical sector in India grows by leaps and bounds

IIP growth rises to 8-month high of 7.1 per cent in April

US inflation hit a new 40-year high last month of 8.6%

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Cryptocurrency prices today: Bitcoin, ether tumble while Solana rise

Most rated Indian companies have protections against weaker rupee, says Moody's

Bitcoin hovers around $20,000 level; ether and other cryptos in green

The world's largest cryptocurrency, was trading at $20,073, slightly up nearly 2.05 percent while the second largest token in terms of market capitalization, rose by 0.75 percent to 1,133 over the previous day.

Paytm Money moves from direct to regular mutual fund plans. Which one is better for you? 

One of the key differences between the two kinds of investment options is that direct mutual fund enables investors to earn a higher interest

DGCI issues show-cause notice: Spicejet shares recover after falling 7% in intra-day deals

The show-cause notice comes on the back of eight technical malfunction incidents in the last 18 days.

Rupee rises 3 paise to close at 79.30 against US dollar

At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37.

Market Wrap: Sensex, Nifty rebound over 1% as financials, FMCG shares gain

The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31.