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At the end of June, Dynasty Acquisition (FPI) Ltd had a 20.12 per cent stake in the company. Shares of Shriram City Union Finance declined 5.26 per cent to close at Rs 1,887.60 apiece on BSE. It fell 4.74 per cent to Rs 1,896 on NSE.

​The bank’s operating profit more than doubled to Rs 225 crore against Rs 106 crore in the corresponding quarter of the last fiscal. Total income jumped 66% to Rs 738 crore while net interest income rose to Rs 449 crore against Rs 223 crore over the same period.

The pattern analysis of the weekly chart for Nifty shows that the index presently trades above all its key moving averages. After forming a lifetime high at 18,600 levels, Nifty has been in a downward sloping corrective trading zone. In the process, it has formed marginal lower highs.

"Two names which look set for a breakout from hotel sector are Mahindra Holidays and Chalet Hotels"

The quality sectors that we like very consistently are private sector banks which have really led the way. Materials, capital goods and automobiles are some of the sectors while IT is a contrarian bet. I have consistently said we have not seen IT spends getting cut even the Gartner studies are pointing towards a 6-7% growth in IT spends.

IIFL Home is a housing finance company and is a wholly-owned subsidiary of IIFL Finance Limited. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices in the market place

"The company remains focused on reducing debt and interest costs further in the coming quarters. Post IPO, the company has prepaid debt of around Rs 200 crore and refinanced about Rs 265 crore, apart from JV debt refinancing activities," the statement said.

Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the previous trade.In the international market, both gold and silver were trading flat at USD 1,789 per ounce and USD 20.37 per ounce, respectively.

Refiners in India, which rarely used to buy Russian oil due to high freight costs, are snapping up Russian oil since late February after some western countries and companies shunned purchases from Moscow over its invasion of Ukraine

The price band for Syrma SGS Technology IPO has been fixed at Rs 209-220 per share.