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A total of 20,969 shares changed hands on the counter till 02:11PM (IST).

The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).

"The Latin American market is an underdog when it comes to personal care, home care chemicals, construction and chemical segments. Indian companies mainly focus on agrochemicals. India and Brazil are going to have a new FTA in place by year end. That will further boost the export of speciality chemicals and commodity chemicals from India to Latin America. Overall, the China price erosion phenomena will slowly die down towards the end of this fiscal year by Q4."

Financial services saw the maximum selling by FIIs after witnessing buying for four straight months. FIIs sold shares worth Rs 2,821 crore in this sector in the first half of August, according to data released by NSDL.

On the exchanges on Friday, about 51 lakh shares of Zomato changed hands in block, taking the stock over 2% lower.

The stock quoted a 52-week high price of Rs 2492.75 and a 52-week low of Rs 1660.65.

A total of 5,477 shares changed hands on the counter till 12:59PM (IST)

On the technical charts, the RSI of the stock stood at 63.74.

​So they would need to come out with some fiscal stimulus, which they have hesitated till now. And monetary policy stimulus, which they have been giving have been largely ineffective. So it is a wait and watch situation from a Chinese point of view.

The stock witnessed a corrective phase after it touched a high of Rs 3860 on 2 May 2022. The stock underwent a period of consolidation and found support above Rs 2700 in December before bouncing back.