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In the cash market, the Nifty 50 index fell 112.10 points or 0.46% to 24,471.70.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 3.73% to 11.79.
Life Insurance Corporation of India (LIC), Infosys and Multi-Commodity Exchange of India (MCX) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2026 F&O contracts will expire on 25 August 2026.
Shares of Life Insurance Corporation of India (LIC) and Bandhan Bank banned from F& Trading on 7 August 2026.
Earnings to Watch:
State Bank of India, Titan Company, Hindalco Industries, Power Finance Corporation, Godrej Consumer Products, Oil India, Hitachi Energy India, BEML, Kaynes Technology India, The Ramco Cements, Powerica, CARE Ratings, Cera Sanitaryware, Lemon Tree Hotels, Afcons Infrastructure, Carborundum Universal, Poly Medicure, Inox Wind, Electronics Mart India, Fine Organic Industries, Jyoti CNC Automation, Raymond Realty will declare their quarterly result later today.
Stocks to Watch:
Life Insurance Corporation of India (LIC) reported 22.81% increase in standalone net profit to Rs 13,492.03 crore in Q1 FY27, compared with Rs 10,986.51 crore in Q1 FY26. Total income increased 7.01% YoY to Rs 2,40,390.96 crore in the quarter ended 30th June 2026.
Britannia Industries reported 13.56% jump in consolidated net profit to Rs 591.35 crore in Q1 FY27 compared with Rs 520.72 crore posted in corresponding quarter last year. Net sales rose 8.17% YoY to Rs 4,999.97 crore in Q1 FY27.
Fortis Healthcare’s consolidated net profit increased 2.26% to Rs 259.23 crore in Q1 FY27, compared with Rs 250.67 crore in Q1 FY26. Net sales jumped 17.46% YoY to Rs 2545.03 crore in Q1 FY27.
Lupin reported 16.08% jump in consolidated net pofit to Rs 1,415 crore in Q1 Fy27 compared with Rs 1219.03 crore posted in Q1 FY26. Net sales climbed 32.04% YoY to Rs 8276.89 crore in Q1 FY27.
Apollo Tyres’ consolidated net profit marginally 0.09% rise in net profit to Rs 331.31 crore in Q1 FY27, compared with Rs 331.01 crore in Q1 FY26. Net sales jumped 12.76% YoY to Rs 7,397.79 crore in Q1 FY27.
Shipping Corporation of India reported 74.87% jump in consolidated net profit to Rs 619.34 crore in Q1 FY27 compared with Rs 354.17 crore in Q1 FY26. Revene from operations increased 40.31% YoY to Rs 1846.56 crore in Q1 FY27.
GR Infraprojetcs’ consolidated net profit climbed 46.4% to Rs 357.29 crore in Q1 FY27, compared with Rs 244.05 crore in Q1 FY26. Revenue from operations rose 40.06% YoY to Rs 2,784.11 crore in Q1 Fy27.
Bharti Airtel said that its subsidiary Nxtra Data has entered into agreements for acquisition of upto 85% stake each, in one or more tranches, in Rochak Systems and Rovision Tech Hub. The said acquisition would be done on cash basis at an agreed valuation. Both, Rochak and Rovision are recently incorporated entities in India, which propose to engage in the business of developing land for construction of data centre. Rochak and Rovision are yet to commence commercial operations.
GMR Airports has entered into an agreement to subscribe upto 49% of the issued and paid-up share capital in TIM Goa Airport Advertising (TGAAPL) for an aggregate cash consideration amount of up to Rs 16 59 crore. TGAAPL will be primarily engaged in advertisement business at the Manohar International Airport, Mopa, Goa. TGAPPL will acquire the advertisement business at Goa Airport at Mopa through a novation process from its parent company i.e. TIMES Innovative Media.
LIC's total premium income grew 6.75% YoY to Rs 1,27,250 crore. Group business premium rose 8.61% to Rs 51,834 crore, while individual business premium increased 5.52% to Rs 75,416 crore during the period under review.
The insurer sold 31.02 lakh individual policies during the quarter, up 2.06% from 30.40 lakh policies in the year-ago period, reflecting steady growth in its retail business.
On an Annualized Premium Equivalent (APE) basis, total premium stood at Rs 13,692 crore. Individual business contributed Rs 7,532 crore, accounting for 55.01% of APE, while group business contributed Rs 6,160 crore, or 44.99%.
The Value of New Business (VNB) surged 61.32% YoY to Rs 3,136 crore, while the net VNB margin expanded 750 basis points to 22.9% from 15.4% a year earlier, indicating improved product mix and stronger business quality.
The Assets Under Management (AUM) increased to Rs 59,39,384 crore as on June 30th, 2026 as compared to Rs 57,05,341 crore on June 30th, 2025 registering an increase of 4.10% year on year.
Persistency ratios on a premium basis stood at 75.33% for the 13th month and 61.12% for the 61st month, compared with 75.63% and 63.85%, respectively, in the corresponding quarter of the previous year.
R Doraiswamy, chief executive officer and managing director (CEO) & (MD), LIC said: “We are happy to maintain our leadership in both Individual and Group Business during the first quarter of this financial year, despite increasing competitive intensity in the life insurance industry. Our overall market share by First Year Premium Income was 60.10% for the first quarter of FY 2026-27 and this fits in well with our market share strategy. What gives us even more happiness is that our VNB has grown by 61% plus and our VNB margin has expanded by 7.5% to 22.90% this year. This is a direct outcome of our product diversification and distribution strategy.
Just very recently the Government of India has sold an additional 6.5% of shares through an OFS which has been well received by the markets. I want to welcome the new shareholders through the OFS into the LIC shareholder family and also thank the existing shareholders who have participated in the OFS for their continued faith in LIC. This year on 1st September 2026 LIC shall complete 70 years of existence and we hope we will bring many occasions of joy to our customers through innovative product launches and other initiatives.”
Recently, the Government of India divested an additional 6.5% stake in LIC through an Offer for Sale (OFS), selling 82.22 crore equity shares. The issue was subscribed 2.27 times at the close of bidding on 5 August 2026, with the floor price set at Rs 382 per share.
Life Insurance Corporation of India (LIC) is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC. As on June 2026, the Government of India held 96.50% stake in LIC.