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The stock quoted a 52-week high price of Rs 153.4 and low of Rs 93.2.

"The current year is panning out more like what we experienced in 2011 where after 2 years of phenomenal returns market witnessed a slow but steady correction. In such markets, a stock-specific bottom-up approach should be adopted instead of a basket buying top-down approach. Sectors, where input cost pressure and valuation discomfort exist, should be avoided and value investing should be a preferred methodology for investment."

“People can say the IPO timing was good or bad but LIC itself is a contrarian investor and we do not look at the market being good or bad at any point of time. So, I think it was a good time and we did it but now only time will tell how things shape up, but we are very positive about it.”

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 35838.20 Crore) operating in Auto sector.

"While there is always a bit of correlation with our western peers, I have a strong faith in the Indian growth story. It is hard to predict the impact, however being cautious would be our approach. To keep things in perspective, the markets have still not corrected to the levels before the euphoric rally we witnessed last year."

U.S. crude production, which has been largely stagnant over the last few months, edged up 100,000 barrels per day last week to 12 million bpd, its highest level since April 2020, data from the Energy Information Administration showed.U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week through June 10, the EIA said.

Investors appeared to take comfort from the view that the U.S. economy will benefit in the long run if prices are brought under control in the short term. Fed projections showed economic growth slowing to a below-trend rate of 1.7%, and policymakers expect to cut interest rates in 2024.

Stocks which were in focus included names like Tata Steel which was up over 1 per cent, Tata Communications which fell 5 per cent, and Affle India which rose over 5 per cent.

However, it was not immediately clear how many A350 aircraft will be purchased by Air India. Air India has not bought a single aircraft since 2006 when it had placed orders for purchasing 111 aircraft -- 68 from the US-based aircraft manufacturer Boeing and 43 from European aircraft manufacturer Airbus.

BSE-listed Siti Networks is the biggest of the four accounts in this portfolio, accounting for ₹198.5 crore. The other three accounts are those of MEP Infrastructure Developers, with a principal loan of ₹125 crore, Hotel Horizon at ₹163 crore, and Sterling Urban Development at ₹90 crore.