Market Performance
Life Insurance Corporation of India share price stayed largely steady in Friday’s trading session, mirroring the broader mood in the stock market today. LIC shares opened at ₹826 on the BSE, moved within a narrow range, touched a high of ₹830.50, and slipped to a low of ₹821.40 before stabilising.
ICICI Bank shares also saw muted movement during the session. The stock opened at ₹1,415, traded between an intraday high of ₹1,420.60 and a low of ₹1,402.40, and ended the session without major directional cues.
The calm in price action came even as a key development quietly played out in the background.
Main News: LIC Trims Stake in ICICI Bank Before Q3 Results
Just ahead of ICICI Bank’s Q3 FY26 results announcement scheduled for January 17, Life Insurance Corporation of India reduced its holding in the private sector lender.
LIC sold 12.70 crore shares of ICICI Bank through market transactions. This move brought its stake down from 6.737% to 4.731%, pushing its holding below the critical 5% threshold.
The divestment took place over an extended period, spanning from December 24, 2020, to January 13, 2026, as per regulatory disclosures.
Key details of the transaction:
- Shares sold: 12.70 crore
- Stake reduced from: 6.737%
- Stake reduced to: 4.731%
- Remaining shares held: 33.81 crore
Before these sales, LIC held 46.51 crore shares of ICICI Bank, accounting for over 6.7% of the bank’s total voting capital.
LIC also clarified that it does not belong to the promoter or promoter group of ICICI Bank.
Company Details: LIC and ICICI Bank at a Glance
Life Insurance Corporation of India remains one of the largest institutional investors in the Indian equity market. Changes in its shareholding are closely tracked, as they often reflect portfolio rebalancing rather than short-term market calls.
ICICI Bank, India’s second-largest private sector bank, is preparing to announce its Q3 performance, which has kept investor attention firmly on the stock market today.
ICICI Bank: Latest Financial Snapshot (Q2)
In the previous quarter ended September, ICICI Bank posted steady numbers across key financial metrics.
Consolidated Performance
- Net profit: ₹13,357 crore
- Year-on-year growth: 3.2%
- Previous year profit: ₹12,948 crore
Standalone Performance
- Net profit: ₹12,359 crore
- Year-on-year growth: 5.2%
- Previous year profit: ₹11,746 crore
Operational Metrics
- Net interest income: ₹21,529 crore
- Growth in NII: 7.4%
- Advance growth: 10.6%
- Net interest margin: 4.30% (down from 4.36%)
Other Income
- Non-interest income (excluding treasury): ₹7,356 crore, up 13.2%
- Treasury income: ₹220 crore, down from ₹680 crore last year
These numbers form the backdrop as markets wait for the next quarterly update.
Summary: What This Means for the Stock Market Today?
- Life Insurance Corporation of India has brought its holding in ICICI Bank below the 5% mark after offloading 12.70 crore shares through market transactions.
- The stake reduction happened just ahead of ICICI Bank’s Q3 FY26 results.
- Both LIC share price and ICICI Bank stock traded flat, reflecting a cautious stock market today.
- The move appears linked to long-term portfolio adjustments rather than any immediate market reaction.
As earnings season continues, developments involving large institutional investors like LIC remain an important cue for traders and investors tracking the stock market today and Life Insurance Corporation of India share price movements.
Source: Livemint
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