LIC shares rose 2.5% after the state-owned insurer reported a 23% year-on-year jump in Q1 standalone net profit to Rs 13,492 crore, while net premium income grew 7% to Rs 1.27 lakh crore. LIC also retained its leadership in the domestic life insurance market, with a 60.1% share of first-year premium income, according to IRDAI data.
Gold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, a drop in oil prices has influenced interest rate expectations. Investors are focused on the upcoming US nonfarm payrolls data for insights into economic conditions. Other precious metals, like silver and platinum, faced slight declines, while central bankers remain engaged in discussions about the best course for interest rate strategies.
Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone is expected to expand, cooling prices later.
From data centres and power transmission to manufacturing and the energy transition, these sectors are emerging as the real enablers of the global AI ecosystem.
The anchor allocation witnessed participation from some of the world’s most prominent institutional investors, including the Monetary Authority of Singapore, Morgan Stanley India Investment Fund Inc., Goldman Sachs Investments (Mauritius) I Ltd., Government Pension Fund Global, Citigroup Global Markets Mauritius Private Limited, Société Générale – ODI, and BNP Paribas Financial Markets – ODI.
Backed by global investment firm KKR, LEAP India is a leading asset-pooling and logistics infrastructure solutions provider. The company has fixed the IPO price band at Rs 151–159 per share.
By the close of the second day, the public issue had been subscribed 14.16 times, with bids received for significantly more than the 5.84 crore shares available. Retail investors remained particularly enthusiastic, subscribing to their reserved portion 14.33 times against the 2.93 crore shares allocated for the segment.
We believe the market is in the early stages of a broader rally. Recent resilience suggests a durable bottom is forming, supported by two key drivers: a broad-based earnings recovery across sectors and the return of FPI inflows (Rs 202bn in Jul-26), which should sustain market momentum.
The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets. Support for the dollar was also found in increasing Treasury yields due to expectations of forthcoming rate increases. Market participants are eagerly awaiting the U.S.
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