scorecardresearchWeekend Wrap: Top news and market movers this week: 2 December 2022

Weekend Wrap: Top news and market movers this week: 2 December 2022

Updated: 03 Dec 2022, 10:08 AM IST
TL;DR.
  • From top newsmakers to market performance, here's the market wrap for the week ended 2 December 2022.
Mumbai: The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai, Friday, July 5, 2019.  After touching the 40,000-mark in morning trade, the BSE Sensex turned choppy after Finance Minster Nirmala Sitharaman rose to present her maiden Budget. (PTI Photo) (PTI7_5_2019_000223B)(PTI7_5_2019_000256B)

Mumbai: The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai, Friday, July 5, 2019. After touching the 40,000-mark in morning trade, the BSE Sensex turned choppy after Finance Minster Nirmala Sitharaman rose to present her maiden Budget. (PTI Photo) (PTI7_5_2019_000223B)(PTI7_5_2019_000256B)

1. RBI has announced a four tiered regulatory framework for categorization of Urban Co-operative Banks based on the size of deposits in place of the existing two tiered framework

2. India’s foreign exchange reserves (Forex) reserves increased by USD 2.9 billion to reach USD 550 Billion for the week ending Nov 25. This is the third consecutive week of rising reserves.

3. IPOs of Dharmaj Crop Guard and Uniparts India got oversubscribed by 35.5 and 25.3 times respectively.

4. Nippon MF, HDFC MF, Edelweiss MF, Baroda BNP Paribas MF, Union MF and IIFL MF have launched the NFOs for Nippon India Nifty G Sec Jun 2036 Maturity Index Fund, HDFC Nifty G Sec Jun 2027 Index Fund, HDFC Nifty G Sec Sep 2032 V1 Index, Bharat Bond ETF FoF April 2033 Fund, Baroda BNP Paribas Multi Asset Fund, Union Multicap Fund, IIFL ELSS Nifty 50 Tax Saver Index Fund.

 

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First Published: 03 Dec 2022, 10:08 AM IST