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As analysts of IIFL Capital Services have highlighted previously, PV wholesales have been much higher than retails in the past 6-8 months, leading to significant inventory build-up.

Spot gold was unchanged at $1,823.59 per ounce, while U.S. gold futures were down 0.1% to $1,839.20.

The company priced the IPO in the range of Rs 280-300 per share. Ahead of the issue launch, it has raised about Rs 288 crore from anchor investors.

Brent crude oil futures had increased by 6 cents to $90.98 per barrel, while WTI had increased by 11 cents to $89.34.

According to the statement, the state-owned insurer has been fined for breaking sections 271(1)(c) and 270A of the Income Tax Act of 1961.

Maruti will present its concerns to the Dispute Resolution Panel.

Valiant Laboratories' IPO, which had a price band of Rs 133-140 per share, is entirely a fresh issue.

The price band for the offer is set at Rs 51-54 per share.

The shares are expected to be listed on the stock exchanges on October 9.

According to a statement from the firm, total two-wheeler sales increased by 7% year over year to 3,86,955 units last month from 3,61,729 units in September 2022.