scorecardresearchWeekend Wrap: Top news and market movers this week: 24 June 2022

Weekend Wrap: Top news and market movers this week: 24 June 2022

Updated: 25 Jun 2022, 10:42 AM IST
TL;DR.

  • From top newsmakers to market performance, here's the market wrap for the week ended 24 June 2022.

FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas

FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas

Top News

1. As per a revised circular by SEBI, AMCs can now reopen investments in international schemes. AMCs had restricted investments in select schemes due to capping restrictions for MF industry of $7 billion set by RBI.

2. SEBI, in a letter to AMFI, has barred the AMCs from offering bundled products such as SIP insurance plans which offer additional life insurance cover at no cost.

3. India’s current account deficit eased in Q4 for FY22 to 1.5% of GDP from 2.6% of GDP in Q3. The CAD for the entire FY22 stood at $38.7 billion or 1.2% of the GDP.

 

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

First Published: 25 Jun 2022, 10:42 AM IST