European shares rose on Friday as hopes the U.S. Federal Reserve could adopt a measured approach to rate hikes lifted the technology sector, while miners extended their rally on growing bets for a demand recovery in China. The continent-wide STOXX 600 rose 0.9%, with rate-sensitive tech stocks up 1.8%

Its net interest income rose by 38% at Rs 567 crore. Total income grew by 32% at Rs 910 crore. Impairment of financial instruments dipped by 24% at Rs 89.4 crore. Pre-provision operating profit increased by 38.7% year-on-year at Rs 380 crore

Adani Green, Eicher Motors, Apollo Hospitals, Page Industries, Zomato, Trent, Jindal Steel , Indian Hotels, ConCor, Samvardhana Motherson and NHPC are among the companies that will announce their results for September 2022 quarter today.

The lender, India's largest NBFC-MFI, will offer interest rates ranging from 9.45-10% to the investors. The coupon would be 9.45% per annum for the 24 months bucket, 9.60% for 36 months and 10% for 60 months buckets, a person aware of the matter said.

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15599.62 Crore) operating in NBFC sector.

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.

CreditAccess Grameen Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Other Services and Fees & Commission Income for the year ending 31-Mar-2022.

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15109.45 Crore) operating in NBFC sector.

Nestle, UltraTech Cement, IndusInd Bank, Havells, AU Small Finance Bank, HDFC AMC, Persistent Systems, Metro Brands and Oracle Financial Services Software are among the companies that will announce their results for September 2022 quarter today.

“There is definitely an arbitrage opportunity in IDFC and IDFC First and if you want to get into IDFC First Bank, buying shares of IDFC may give 4-5% price advantage because I also feel that the ratio will be slightly in favour of IDFC shareholders rather than IDFC First. It is a marginal benefit and both these companies are going to be under one entity, one listing and you could buy either of them.”

“There is definitely an arbitrage opportunity in IDFC and IDFC First and if you want to get into IDFC First Bank, buying shares of IDFC may give 4-5% price advantage because I also feel that the ratio will be slightly in favour of IDFC shareholders rather than IDFC First. It is a marginal benefit and both these companies are going to be under one entity, one listing and you could buy either of them.”

“There is definitely an arbitrage opportunity in IDFC and IDFC First and if you want to get into IDFC First Bank, buying shares of IDFC may give 4-5% price advantage because I also feel that the ratio will be slightly in favour of IDFC shareholders rather than IDFC First. It is a marginal benefit and both these companies are going to be under one entity, one listing and you could buy either of them.”

​​The mood is jittery ahead of the September series derivative expiry on Thursday and the Reserve Bank of Indias policy meeting on Friday when the central bank is expected to raise rates. But, analysts do not rule out a technical rebound around 17,000-17,150.

Osho Krishan, Sr Analyst - Technical & Derivative Research, Angel One, said the unilateral movement of the index has placed it towards the psychological mark of 18,000, which might hinder the ongoing up move, followed by the weekly swing high of 18,100-18,150 odd levels that might act as a sturdy wall for the bulls.

Ruchit Jain, Lead Research, 5paisa.com, said the immediate support for Nifty is placed around 17,200 below which the index could test 17,000 level. On the flipside, 17,350-17,400 is the immediate resistance zone.Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said the overall chart pattern of the Nifty .

“Our primary focus during the June quarter was on maintaining a strong collections trend and ensuring complete alignment with the new microfinance underwriting guidelines," managing director Udaya Kumar Hebbar was quoted as saying in a statement issued by the company.

Axis Bank, Tata Steel, Tech Mahindra, Macrotech Developers, Canara Bank, Glaxo, KPIT Tech, Tanla Platforms, IEX, Century Textiles, Anupam Rasayan, Tejas Networks.

In the last five years, the counter has zoomed 850 per cent, whereas it soared over 1,000 per cent from its Covid-19 lows of April 2020. Promoters and promoter group entities hold 74.97 per cent shares in the company, whereas public shareholders own the remaining 25.03 per cent stake in Adani Power.

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 16413.51 Crore) operating in NBFC sector.

Abhishek Jadon, smallcase manager and vice president, Windmill Capital, said that uncertainties like interest rate hikes, war crisis, and rising crude oil prices impacted the markets, and they are likely to witness bouts of volatility until these issues subside.

The Nifty Realty index was trading 0.18 per cent up at 407.85.

BSE midcap and smallcap indices are down by 9 per cent and 12 per cent, respectively, in the year 2022 so far. On the contrary, the BSE Sensex has dropped little less than 6 per cent during the period. Despite this underperformance, some of the stocks from the midcap and smallcap segment have turned the tide to deliver handsome returns to the investors.

AIA Engineering, Fine Organic, Timken India, CreditAccess Grameen, M&M, Pheonix Mills and HAL witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signalling bullish sentiment.

The Nifty Auto index was trading 1.51 per cent up at 11664.75.

A 23 per cent rally in shares of Adani Green this week helped the Adani Group company become the eighth largest company by market value on Dalal Street. The stock ended the week at Rs 2,864.75, up 23.27 per cent over its previous week's close of Rs 2,323.95. It commanded a market value of Rs 4,48,050.99 crore, which was higher than Bajaj Finance, HDFC and Bharti Airtel.

It disbursed Rs 1,485 crore in the months of December, higher than Rs 1,237 crore loan given in the preceding month.

Vinod Nair, Head of Research at Geojit Financial Services said Indian benchmark indices traded with cuts to close flat following weak sentiments in the global market as investors awaits the release of Indian and US November inflation numbers.