GoI plans to reduce its stake in LIC
The Indian Government plans to reduce its stake in LIC through an offer for sale to meet public shareholding requirements by May 2027.
Stock Market Live Updates: Good morning, traders. GIFT Nifty is at 25,545 — down just 29 points at 8:30 AM. Not exactly a red flag, right? It’s a flat-to-positive signal, suggesting a cautious but steady open. With tariff chatter still in the background, are you staying nimble? Earnings season could shift the mood fast.
The Indian Government plans to reduce its stake in LIC through an offer for sale to meet public shareholding requirements by May 2027.
PC Jeweller Ltd’s board approved raising Rs. 500 crore equity from promoters and capital ventures to prepay loans, aiming for debt-free status by FY26.
Birla Cooperation declared as the preferred Bidder for Mining lease of Tadas Limestone Block-II in Nagpur and Rajasthan.
Hindustan Aeronautics Limited (HAL) upgraded 68 Jaguar fighters with modern avionics to enhance their life and efficiency.
Indian Oil is planning to upgrade its Panipat Refinery for green jet fuel production.
IDBI Bank’s strategic sale is expected to conclude by October 2025. The financial bids will be invited soon.
HCT Technologies signs a 10 year strategic partnership with Dunedin City Council to modernize IT services.
JK Cement aims to expand its production capacity by Financial Year 2023 to 50mtpa through greenfield and brownfield projects.
TCS shares are currently trading at RS 3,370.60, down 0.39%, reflecting a cautious mood in the market. The broader Nifty IT index is also showing weakness as investors brace for TCS’s Q1 FY26 earnings, expected after market hours today. According to a Reuters report, the stock slipped nearly 0.5% in early trade on Thursday, mainly due to concerns over the ramp-down of major projects like BSNL and ongoing global trade uncertainties. With heavyweights watching the earnings closely, today’s performance could set the tone for the rest of the IT earnings season. Investors are playing it safe—for now.
Also Read: TCS Share Price: How Positively Are They Trading Before The Company Opens Its Profit And Loss Book?
Gold prices gained on MCX Thursday morning, supported by a weaker dollar and escalating global trade tensions. MCX Gold August 5 contracts traded 0.12% higher at Rs 96,580 per 10 grams around 9:10 AM. The dollar index dropped about 0.30%, making gold cheaper for overseas buyers.
As of today, gold rates in Delhi stand at Rs 99,730 per 10 grams, reflecting ongoing safe-haven demand amid global economic concerns.
Sensex opened in green at 83,596.58 with +60.50
A mix of earnings buzz, regulatory moves, and deal wins puts several stocks in focus today. From TCS’s Q1 results to project announcements by Enviro Infra and RailTel, and key updates from LIC, IDBI Bank, and Emcure Pharma — here are the top stocks to keep on your radar.