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The IPO-bound Fusion Microfinance, which has been piloting a small business-focused secured lending book, is commercially launching it from next month as it seeks to fortify its secured portfolio and also drive faster growth.

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Women in India have a strong emotional and secure relationship with gold. Over the years, they have been buying gold in the form of physical gold

“We have two important events viz. US Fed meet and a special MPC monetary policy review meet scheduled during the week. Besides, important high-frequency data i.e. auto sales will also be in focus," said Ajit Mishra, VP - ​Research, Religare Broking.

"The support for Nifty has shifted around 17,600 levels. On the other hand, Bank Nifty has support at 40,200 levels while resistance is placed at 41,800. Traders are advised to keep a buy-on-dip approach until there’s any change in data and look for stock-specific opportunities with a positive bias."

“Interestingly the dark horse for November series could be IT and metal sectors, as the OI (open interest) base is quite lower versus averages, and any good surprise can lead benchmark and stocks higher,” Nuvama Wealth Management said in its report.

Bitcoin back on track for October gains

Updated at : 2022-10-30 11:20:01

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The largest cryptocurrency is up 6.5% in October and was trading around $20,700 as of 8 a.m. in London on Saturday, while second-biggest Ether has risen 19%. Both tokens dropped in five of the previous six months, and bulls had been putting hope into this month as October has historically tended to be positive for crypto prices.

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In the last 2 quarters, we have seen that credit growth has started picking up across the banking sector

​​The fall of the rupee has been precipitated by global factors and an unusual strengthening of the dollar against almost all major currencies of the world.

"Since we are in a declining IV environment, and with key event risks scheduled beyond the weekly expiry, short strangles are preferred. Short Straddle at 18000 for the 10Nov expiry which is fetching a little over 400 points as of Friday’s close, is also preferred with a 3 to 4-day holding period."

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will prepare the report on reasons for the failure to meet the inflation target as well as the remedial measures the central bank is taking to bring down prices in the country.

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