scorecardresearchWeekend Wrap: Top news and market movers this week: 8 July 2022

Weekend Wrap: Top news and market movers this week: 8 July 2022

Updated: 09 Jul 2022, 11:52 AM IST
TL;DR.

  • From top newsmakers to market performance, here's the market wrap for the week ended 8 July 2022.

The BSE Midcap index mirrored the Sensex, falling 2.73 percent while the smallcap index cracked 3.15 percent. REUTERS/Danish Siddiqui

The BSE Midcap index mirrored the Sensex, falling 2.73 percent while the smallcap index cracked 3.15 percent. REUTERS/Danish Siddiqui

Top News

1. RBI doubled annual overseas borrowing limit for corporates to $1.5 billion and temporarily abolished interest rate ceiling for NRI’s foreign currency deposits in order to boost foreign exchange inflows.

2. Open ended equity mutual funds witnessed inflows of 15498 crore in June 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at 36.72 lakh crore.

3. BOI AXA AMC announces a change in name of AMC from BOI AXA Mutual Fund to Bank of India Mutual Fund, with immediate effect.


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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: 09 Jul 2022, 11:40 AM IST