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<h2>Top News</h2>1. SEBI in a circular standardizes the nomination process for mutual fund holders to either provide nomination or opt out of nomination for units bought post 1 Aug 2022. The deadline to file nominations or opt out is 31 March 2023.

2. Consumer Price Index (CPI) Inflation rate eased to 7.04% in May 2022, down from 7.79% from the previous month while Wholesale Price Inflation (WPI) rose to 15.9%, up from 15.1% in the previous month.

3. India's industrial growth hit an 8-month high of 7.1% in April from 4.9% in March 2022.

4. RBI lifted the business restrictions imposed on Mastercard Asia. The global payment processor can now on-board new domestic customers with immediate effect.

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

Weekend Wrap: Top news and market movers this week: 17 June 2022

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 17 June 2022.</li></ul>

Oil slumps 6% to four-week low on recession worries, strong dollar

In Prevalence of Selling, This Is a Market Rout Without Equal

Global stocks in biggest weekly loss since 2020 on interest-rate worries

Crypto's Excruciating Week Has Traders Bracing for Next Crisis 

Sector rotation to continue in 2022; avoid firms with higher borrowing costs, says Mohit Batra of MarketsMojo

Market Wrap: Sensex, Nifty now up to 18% off their record highs; investors lose ₹15 lakh crore in a week

Spend time in market rather than trying to time it, advises Shridatta Bhandwaldar of Canara Robeco MF

Planning to take a plunge in stock market? Learn the key things to know first

This IT major stock hits 52-week low; slips 45% from 52-week highs

Ultratech Cement soared 46% in 9 months; trading near its all-time high

Despite their weak performance in the December quarter, cement stocks are moving higher as the sector's cost pressure is receding as the prices of key fuels in the process of making cement, such as pet coke and coal, are easing.

Multibaggers! 6 stocks defy weak market trend, up over 100% in last 1 year

In the last 1 year, the Nifty index has lost over 2 percent amid major macro concerns including sticky inflation, rate hikes, weak growth outlook, etc. The correction has intensified in the current calendar year 2023 led by the Hindenburg report on Adani Group companies in January and the current banking crisis in the US and Europe. While the long-term growth story remains intact for India, most experts expect the volatility to continue in the near term. However, in a year full of intense volatility and major headwinds, 6 stocks have defied the trend, more than doubling investor wealth in last one year. Let's take a look:

Oil prices edge lower as dollar firms; market eyes Iraq exports

Brent crude futures dipped 37 cents, or 0.5%, to $77.91 a barrel at 0300 GMT, while West Texas Intermediate crude fell 28 cents, or 0.4%, to $72.69 a barrel.

NFO Alert: Mirae Asset Mutual Fund launches Nifty 8-13-yr G-Sec ETF; all you need to know

Mirae Asset Mutual Fund announced the launch of the Mirae Asset Nifty 8-13 yr G-Sec ETF. The scheme opened for public subscription on March 29, 2023, and will close on March 29, 2023.

Gold ticks down on firmer dollar, easing banking fears

Spot gold was down 0.2% at $1,960.68 per ounce, as of 0103 GMT. U.S. gold futures fell 0.3% to $1,962.10.

Weekend Wrap: Top news and market movers this week: 17 June 2022

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