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The market found support this week from International Energy Agency projections of Chinese oil demand recovering next year after a 2022 contraction to 400,000 barrels per day (bpd). The agency raised its 2023 oil demand growth estimate to 1.7 million bpd.

The Bank of England raised its key interest rate on Thursday as well and indicated more hikes were likely. However, investors bet that the BoE might be getting close to the end of its increases in borrowing costs.

Technically, after a breakout above Rs 155, positive momentum intensified. The promising price-volume breakout formation indicates a continuation of the uptrend in the near term. We are of the view that the uptrend texture is likely to continue and 195-205 would be the next resistance zone for the bulls.

The original deadline for submission of final bids was December 15. A court-appointed resolution professional has selected 13 entities as potential bidders for Future Retail on November 20 after they submitted expressions of interest (EoIs), with none of the interested parties drawing objections from any quarter.

While growth will be broad-based across various sub-sectors, microfinance and personal loans will be leading the growth chart. On the other hand, vehicle financing loans (commercial vehicle finance, passenger vehicle finance), which has remained significantly subdued since FY20, are also expected to report higher growth numbers, following an improvement in the operating environment.

"The NCLT has posted the PVR-Inox merger application for final disposal on January 12, 2023. All the regulatory authorities have filed their reports to the NCLT," a source close to the development said.

Over the past few weeks, lenders such as HDFC Bank, ICICI Bank and State Bank of India (SBI) have raised their deposit rates by up to a percentage point to garner more deposits so that they can lend to borrowers across segments — institutional, retail or small-business owners.

According to government data, 12,871 bankruptcy resolution cases were pending on October 31, down from 13,211 as on December 31, 2021. The average number of days taken to resolve a case rose from 230 days in FY18 to 679 days in the first half of FY23.

The offer for sale comprises up to 2.7 million equity shares by individual selling shareholders including Manish Gupta, Dr. Rajesh Bhaskaran Nair, and Anita Nair, and up to 33.6 million equity shares by existing investors including Carlyle, Brighton Park Capital and the Nadathur Family Office.

Nithin Kamath in his blog stated that certain factors have helped their growth. "One is the phenomenal bull market in India. Developments such as eKYC, online digital signatures, and UPI turned the largely offline industry into a truly online, paperless one, enabling mass participation. And for us specifically, adoption via word-of-mouth from our customers," he said.