Key Takeaways
- Nifty 50 closed at 24,774.30 on Monday, up 1.60%, its fourth straight session of gains, as crude oil prices fell on US-Iran de-escalation
- LIC opens a two-day OFS today at a floor price of Rs 382/share to divest up to 6.5% government stake, a sale that could fetch up to Rs 31,000 crore
- SAIF Partners and Elevation Capital plan to offload a 2.3% stake in Paytm parent One97 Communications worth up to Rs 2,002 crore at Rs 1,339.65/share
- Peak XV Partners and Elevation Capital are set to sell a 2.3% stake in Meesho worth Rs 1,900 crore via block deal
- DLF’s Q1 FY27 net profit rose 4.1% YoY to Rs 793.9 crore even as revenue fell 52.9% to Rs 1,280.3 crore
- IREDA posted 36.8% YoY profit growth to Rs 337.5 crore; Torrent Power’s profit fell 12.7% to Rs 639 crore
- Bharti Airtel, ONGC, BSE, Nykaa, MCX and over a dozen other companies report Q1 results today
Indian markets head into Tuesday’s session with a packed corporate calendar after the Nifty 50 closed at 24,774.30 on Monday, its fourth consecutive day of gains. The government’s Rs 382 offer for sale in LIC, a fresh Rs 2,002-crore block deal in Paytm parent One97 Communications, and first-quarter results from DLF, IREDA and Torrent Power are set to dominate stock-specific action today.
Market Snapshot: Nifty Closes at 24,774, Fourth Straight Session of Gains
Indian benchmarks extended their winning streak to a fourth consecutive session on Monday, with the Sensex climbing 544.39 points (0.70%) to close at 78,639.03 and the Nifty 50 rallying 390.70 points (1.60%) to settle at 24,774.30.
The rally was fuelled by a sharp fall in crude oil prices after the United States held off on fresh military action against Iran, easing pressure on India’s import-heavy economy. Information technology stocks led the charge, with the Nifty IT index gaining more than 3%, while Nifty Media was the only sectoral index to close in the red.
Market breadth stayed strongly positive on the BSE, with 2,705 stocks advancing against 1,496 decliners. The broader market outperformed too, with the Nifty Midcap 100 and Smallcap 100 indices rising 1.21% and 1.29% respectively. IndiGo, Infosys and TCS were among the session’s top gainers.
With the Nifty now just around 225 points away from the psychological 25,000 mark, today’s earnings-heavy session and the LIC and Paytm transactions could determine whether the rally extends into a fifth straight day.
| Index | Close | Change | % Change |
|---|---|---|---|
| Sensex | 78,639.03 | +544.39 | +0.70% |
| Nifty 50 | 24,774.30 | +390.70 | +1.60% |
Data source: BSE/NSE closing figures for August 3, 2026.
Check Live: NIFTY 50, SENSEX, NIFTY IT INDEX, GIFT NIFTY, BANK NIFTY
LIC Launches Rs 382 OFS, Eyes Up to Rs 31,000 Crore
The government kicks off a two-day offer for sale in Life Insurance Corporation on Tuesday, opening for non-retail investors first, with retail bidding on Wednesday, August 5. The floor price of Rs 382 per share is roughly a 10% discount to LIC’s Monday closing price of Rs 424.35 on the BSE. The Department of Investment and Public Asset Management said the move will help the government meet minimum public shareholding norms ahead of schedule, and the sale could fetch the exchequer close to Rs 31,000 crore if fully subscribed.
| Particular | Details |
|---|---|
| Base offer | 2.5% stake |
| Green-shoe option | Additional 4% |
| Total potential sale | Up to 6.5% |
| Floor price | Rs 382/share |
| Institutional bidding | August 4 |
| Retail bidding | August 5 |
Paytm Investors Line Up Rs 2,002-Crore Block Deal
Early backers SAIF Partners India IV, SAIF III Mauritius and Elevation Capital V are set to sell a combined 2.3% stake, or roughly 1.49 crore shares, in One97 Communications through a screen-based block deal.
According to a term sheet cited by CNBC-TV18, the floor price has been fixed at Rs 1,339.65 per share, about a 5% discount to Monday’s closing price of Rs 1,410. The transaction is entirely secondary in nature, meaning Paytm itself will not receive any proceeds.
| Particular | Details |
|---|---|
| Deal size | Rs 2,002 crore |
| Stake offered | ~2.3% |
| Floor price | Rs 1,339.65/share |
| Discount to last close | ~5% |
| Company receives funds? | No, secondary sale |
Meesho Block Deal: Peak XV, Elevation Sell Rs 1,900 Crore
In a separate transaction, Peak XV Partners and Elevation Capital are likely to offload a combined 2.3% stake, or about 10.5 crore shares, in Meesho. CNBC-TV18 reported that the floor price has been set at Rs 182.08 per share, with the deal size estimated at Rs 1,900 crore.
Q1 FY27 Earnings: DLF, IREDA Lead a Busy Results Day
DLF’s consolidated net profit rose 4.1% year-on-year to Rs 793.9 crore for the June quarter, even as revenue fell sharply by 52.9% to Rs 1,280.3 crore from Rs 2,716.7 crore a year earlier, according to its exchange filing, with the decline reflecting fewer new launches during the quarter.
IREDA reported a stronger show, with net profit climbing 36.8% YoY to Rs 337.5 crore on continued growth in its lending book. Torrent Power’s profit slipped 12.7% to Rs 639 crore from Rs 731.4 crore, weighed down by higher finance costs and LNG supply disruptions, even as revenue edged higher.
Among mid-caps, Kansai Nerolac’s net profit rose nearly 5% with revenue up 9.8% to Rs 2,374 crore, Gulf Oil Lubricants posted a 28.6% profit jump to Rs 123.1 crore, Great Eastern Shipping’s profit more than doubled to Rs 1,309 crore from Rs 505 crore, and Texmaco Rail’s profit rose 67% to Rs 50 crore despite lower revenue.
Other Corporate Actions: Arvind’s QIP, VVIP Infratech Order, UPL’s CEO Exit
Textile major Arvind launched a qualified institutional placement on August 3 at a floor price of Rs 518.58 per share. VVIP Infratech secured a Letter of Intent worth Rs 198.50 crore for sewage treatment plant works in Delhi’s Mohammadpur Majri and Kanjhawala areas, to be completed within 24 months.
Separately, UPL Corporation confirmed that group CEO Mike Frank has resigned to relocate to the United States for personal reasons, with his exit effective August 31, 2026, after a four-and-a-half-year tenure.
Full List: Companies Reporting Q1 Results Today
Besides DLF, IREDA and Torrent Power, investors will track first-quarter numbers from Bharti Airtel, ONGC, BSE, Nykaa, MCX, Kalyan Jewellers, Godrej Properties, Bharti Hexacom, Castrol India, GSK Pharma, Restaurant Brands Asia, Thomas Cook, Alembic Pharmaceuticals, Emami, Graphite India, Greaves Cotton, Marico, Metropolis Healthcare, Pidilite Industries, PNB Housing Finance, United Breweries and UNO Minda.
ONGC’s Strategic Reserve Push, IndiGo’s Europe Bet
Half of the 1.75-million-tonne petroleum storage facility ONGC is developing at Mangaluru will be earmarked for the country’s strategic petroleum reserves, with the remaining capacity used for commercial storage, the government said. Separately, IndiGo is reportedly planning a small business-class cabin alongside a high-density economy layout for its upcoming long-haul flights to Europe, aiming to compete with Air India while protecting its low-cost structure.
NiftyTrader Desk View
| Stock | Key Technical Trigger | Trader View |
|---|---|---|
| LIC | OFS floor price of Rs 382 sets a near-term reference point; stock trades below Monday’s Rs 424 close | Two-day bidding window likely to keep volatility elevated |
| Paytm | Block deal floor at Rs 1,339.65, a 5% discount to last close | Secondary-sale overhang may weigh on near-term price action |
| DLF | Profit resilient despite steep revenue decline | Net cash position and launch pipeline are the metrics to track next |
| IREDA | Profit growth outpacing peers on lending book expansion | Momentum linked to pace of renewable-sector disbursements |
| Torrent Power | Margins under pressure from finance costs and LNG disruptions | Cost trajectory into Q2 will be the key data point |
| Bharti Airtel | Index-heavy Q1 print lands amid a strong IT-led tape | ARPU and 5G monetisation commentary likely to set the telecom-sector tone |
| BSE | Results land amid sustained derivatives volumes | Transaction revenue trend is the number to watch |
| ONGC | Earnings coincide with the Mangaluru storage-facility update | Crude realisation trend more relevant than the headline print |
Data compiled from company exchange filings, DIPAM statements, BSE/NSE closing data and CNBC-TV18 reports as of August 4, 2026.
Heavy block-deal activity in Paytm and Meesho today could also feed into institutional flow data,
track real-time numbers on the NiftyTrader FII-DII Tracker at niftytrader.in/fii-dii-data.
Bottom Line
Tuesday’s session brings together three distinct threads: a large government divestment in LIC, fresh investor exits via block deals in Paytm and Meesho, and one of the busiest Q1 FY27 earnings days so far. With the Nifty closing at 24,774.30 on its fourth straight winning session, DLF, IREDA and Torrent Power results already out, and more than 20 companies due to report through the day, stock-specific volatility is likely to dominate over index-level moves.
This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a SEBI-registered investment advisor before making any investment decisions.
Â
