Weekend Wrap: Top news and market movers this week: 10 June 2022

Updated: 12 Jun 2022, 08:44 AM IST

TL;DR.

From top newsmakers to market performance, here's the market wrap for the week ended 10 June 2022.

The grey market is an unofficial market wherein traders buy or sell IPO shares and applications even before they are officially launched for trading on the stock exchange.

Top News

1. Open ended equity mutual funds witnessed inflows of ₹18,529 crore in May 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at ₹37.02 lakh crore.

2. SIP inflows stood at ₹12,286 crore in May 2022, 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. RBI’s MPC hiked the repo rate 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 Silver Pearl Hospitality got oversubscribed by 1.68 times.