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The rupee jumped 0.63% to a session-high of 81.92 per dollar and also closed at that level, its highest since Oct. 3. The currency has gained 1.2% over the past two sessions.Barring the Chinese yuan, Asian shares and currencies extended their gains into a second day, with Indian stocks eventually moving higher after a choppy session.

Chartists said a sustainable move above the high of Doji at 18,255 levels is likely to nullify the negative impact of the pattern. The momentum indicator RSI was in a positive crossover. Nifty supports are seen at the 18,100 level, while resistance is around the 18,350 mark.

That was more than offset by a 19.3% rise in total expenses, to 28.64 billion rupees, with input costs jumping 24%.Oil prices have risen sharply after the Russia-Ukraine conflict since the early part of this year, raising the cost of petrochemicals that are a key component in tyre manufacturing.

“A big opportunity is there to advise people on how to invest better and save better. I think for the next two three years, the opportunity is really the fact that there are three, four crore new Indians who have come to the markets and they need help in managing their money better.”

"We are happy that we are growing profitably and we have delivered 85 per cent year-on-year top line growth in Q2FY23. We had annualised revenue of Rs 170 crore (up by 85 per cent from a year ago) in Q2 and in August and September, both the months, we were EBITDA positive.

According to the data from BSE, investors made bids for 4,36,34,400 equity shares or 2.11 times compared to 2,06,36,790 equity shares offered for the subscription by 11.15 am on Monday, November 07.The quota for retail bidders was subscribed three times, whereas portions for employees were subscribed 2.07 times. HNI allocation fetched 2.28 bids and the portion for institutional investors was subscribed 44%.

Incorporated in 1994, Fusion Micro Finance is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of society.Last heard, the shares of Fusion Micro Finance were commanding a premium of around Rs 5 in the grey market. The premium in the unofficial market has been hovering around the same levels, signalling a flattish debut for the issue.

“We had guided at the beginning of the year that we would want to increase our margins by 10 basis points during the year. Already we have got that and without any exceptional items contributing to it. These are the two major factors which have been there, primarily the robust growth that we have seen and the fact that margins have improved along with growth.”

Some of these lenders have emerged as outperformers since the announcement of earnings, rising up to 45% within a week. Brokers see more upside is left in these names.

“In Q1 and Q2 we did not see a lot of traction, it was almost at a similar proportion to what it used to be but in quarter three we believe with the November and December month still ahead of us, we can see some positive traction. But on a LFL basis it would be very difficult to say that we should just extrapolate what we have seen in the festive season.”