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Blue Star Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 10546.37 Crore) operating in Consumer Durables sector.

"A good equity portfolio in this environment should consist of good quality companies with low debt on the balance sheet and attractive valuations. Diversification is another potent weapon to tide over uncertain times. A good mix of diversified equity funds and allocation to other asset classes like fixed income and gold should help investors combat inflation."

“I do not think any investor should ignore midcaps and smallcaps considering the opportunities we see in the next five years. But it all depends on understanding risk appetite but definitely there is opportunity in midcap and small cap space but we need to differentiate and we need to see where the correct opportunity is and what is priced in and what is not priced in at this point of time.”

Sensex stock Bajaj Finserv declined 3.32 per cent to Rs 13,667.45. Bajaj Finance dropped 2.76 per cent to Rs 13,745. Hindustan Unilever, Maruti Suzuki, Wipro and HCL Technologies fell up to 2.7 per cent.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 29676.32 Crore) operating in Auto sector.

The stock hit a low of Rs 390 earlier in May before bouncing back. The stock briefly breached its 50-DMA placed at Rs 397.90 but reclaimed towards the close of the day on 5 May.

Earlier this year, after an alert sounded by the central home ministry about Chinese nationals on-board Indian companies for causing economic distress and such companies could be vehicles for money laundering or illegal political funding, in a major crackdown MCA registered over 700 cases across the country against such companies.

Gold prices edged lower on Friday and looked set to fall for a third straight week, weighed down by a robust dollar and rising yields, while investors await the U.S. jobs report to assess its impact on monetary policy. Spot gold fell 0.4% to $1,869.26 per ounce, as of 0137 GMT, while U.S. gold futures slipped 0.4% to $1,869.10. Bullion has declined about 1.5% so far this week.

The greenback was up for a ninth week against the yen, as benchmark U.S. Treasury yields resumed their climb - topping 3.1% overnight - after a blip lower immediately after the Federal Reserve raised interest rates by half a percentage point mid-week, placing it at the vanguard of hawkish global central banks.

Investors can bid for a minimum of 46 equity shares and then in multiples thereafter. The offering will conclude on Friday, May 13.