IBT Business Desk

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LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC shares gained around 1 per cent after the RBI approved the insurer's application to increase its stake in HDFC Bank to up to 9.99 per cent. LIC currently holds 4.11 per cent in the private lender. The approval gives LIC flexibility to raise its holding, subject to RBI, SEBI and other regulatory conditions. Aug 20, 2026
Sensex jumps 558 points, Nifty gains 147 points as Indian markets open higher

Sensex jumps 558 points, Nifty gains 147 points as Indian markets open higher

Indian equity benchmarks opened higher on Thursday, snapping a 12-session losing streak, as softer US bond yields and supportive global cues boosted risk appetite. The Sensex gained 558 points to 77,468, while the Nifty 50 rose 147 points to 24,225.45. IT, MidSmall IT & Telecom and Metal stocks led the gains. Aug 20, 2026
Gold Surges Towards ₹1.53 Lakh, Silver Hits ₹2.35 Lakh On MCX As Festive Demand, Global Cues Lift Prices

Gold posts 0.86 pc weekly gain amid expectations US Fed may hold rates

Gold prices rose 0.86 per cent weekly as weaker-than-expected US economic data strengthened expectations that the US Federal Reserve may keep interest rates unchanged. MCX gold futures gained 0.73 per cent on Friday to Rs 1,54,590, while silver rose 0.15 per cent to Rs 2,36,272 per kg. Aug 15, 2026
India's forex reserves climb nearly $1 billion to $672.5 billion

India's forex reserves surge $14.1 billion to cross $707 billion mark

India's foreign exchange reserves surged by $14.136 billion during the week ended August 7, crossing the $707 billion mark, according to RBI data. The increase was mainly driven by a $9.946 billion rise in foreign currency assets to $574.625 billion and a $3.995 billion increase in gold reserves to $108.738 billion Aug 14, 2026