Weekend Wrap: Top news and market movers this week: 7 October 2022

Updated: 08 Oct 2022, 10:09 AM IST

TL;DR.

From top newsmakers to market performance, here's the market wrap for the week ended 7 October 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)

Top News

1. GST collections for Sept 2022 touched ₹1.47 lakh crore mark, a jump of 26% compared to the same month previous year.

2. IPO of Swastik Pipe and Electronics Mart India got oversubscribed by 1.35 times and 71.93 times respectively.

3. ICICI MF, Edelweiss MF, Tata MF, Kotak Mahindra MF, IDFC MF, LIC MF, HDFC MF and Axis MF have launched the NFOs for IPRU Nifty G Sec Dec 2030 Index Fund, IPRU Nifty SDL Dec 2028 Index Fund, IPRU Transportation & Logistics Growth Fund, Edelweiss Crisil Ibx 50:50 Gilt Plus SDL Jun 2027 Index Fund,Tata Nifty Midcap 150 Momentum 50 Index Fund, Kotak Nifty SDL Plus Aaa PSU Bond Jul 2033 60:40 Index Fund, IDFC Transportation & Logistics Growth Fund, LIC MF Multi Cap Growth Fund, HDFC Silver FoF Growth Fund and Axis Nasdaq 100 FoF Growth Fund.