Weekend Wrap: Top news and market movers this week: 14 October 2022

Updated: 15 Oct 2022, 10:28 AM IST

TL;DR.

From top newsmakers to market performance, here's the market wrap for the week ended 14 October 2022.

The highest growth — both in percentage and absolute terms — was during Q3FY22, when both the Nifty50 and Sensex had hit their lifetime highs

Top News

1. Consumer Price Index (CPI) Inflation rate rose to a five-month high of 7.41% in September 2022 and Wholesale Price Inflation (WPI) eased to 10.70% in September 2022, low from 12.41% for the previous month.

2. SIP inflows jumped 25% on Y-o-Y basis to hit an all-time high of ₹12,976 crore in September’22 compared to inflows of ₹10,351 crore in September’21. Total number of SIP folios jumped to Rs. 5.84 crore in September 2022 from Rs. 5.72 crore in August.

3. Open ended equity mutual funds witnessed inflows of ₹14100 crore in September 2022. The net Asset Under Management (AUM) of the Mutual Fund industry rose to ₹39.61 lakh crore.

4. IPO of Tracxn Technologies got oversubscribed by 2.01 times.

5. Mirae MF, ABSL MF, Nippon MF, IDFC MF and UTI MF have launched the NFOs for Mirae Asset Crisil Ibx Gilt Index April 2033 Index fund, Mirae Asset Nifty Aaa PSU Bond Plus SDL Apr 2026 50:50 Index Fund, Aditya Birla Sun Life Crisil Ibx Gilt Apr 2029 Index Growth Fund, Nippon India Nifty Aaa PSU Bond Plus SDL Sep 2026 Maturity 50:50 Index Fund, IDFC Crisil Ibx Gilt April 2026 Index Growth Fund and UTI Gold FoF Growth Fund.