Indian markets traded under pressure on Thursday, with benchmark indices ending lower amid mixed global cues and selling in heavyweight stocks across sectors. According to reports from The Economic Times, markets faced downward pressure as they wrapped up trading lower amid mixed signals from global economies. Technically, analysts say Nifty is gradually narrowing down its consolidation range into a tight band, indicating a squeeze in volatility. The latest session saw Foreign Institutional Investors (FIIs) sell ₹298.26 crore worth of Indian equities, while Domestic Institutional Investors (DIIs) remained net buyers, purchasing ₹4,977.17 crore worth of equities, highlighting continued domestic support for the market.
Lenskart Solutions faces a significant divestment as Alpha Wave Ventures II, an existing investor, is likely to divest shares worth up to ₹1,313 crore in the company through the stock exchanges' screen-based trading platform. As reported by The Economic Times, Alpha Wave Ventures II, LP held 2,12,39,111 shares, representing a 1.22% stake in Lenskart Solutions as of the quarter ended June 2026. This substantial divestment by an existing investor will be closely watched by market participants.
Wipro ADRs rose on Thursday after the IT services company expanded its partnership with Google Cloud to scale enterprise adoption of Gemini Enterprise and agentic AI. According to reports from The Economic Times, the company said it will deploy Gemini Enterprise internally and equip more than 10,000 AI-certified specialists, including 1,500 Forward Deployed Engineers, with advanced AI tools to improve productivity, operations and decision-making. This strategic partnership expansion has provided positive momentum for the stock amid broader market weakness.
Kotak Mahindra Bank announced significant leadership changes as Kotak Mahindra Investments announced that Siddarth Gandotra has resigned from the position of Chief Financial Officer (CFO), with effective from closing hours of August 31, 2026. As reported by The Economic Times, the Board has approved the appointment of Hiren Vora with effect from September 1, 2026. This leadership transition comes at a time when the bank continues to focus on its core banking operations.
Tata Motors unveiled a new brand identity, Tata.Cars, aimed at customers of its passenger vehicle business as the automaker moves to meet the growing aspirations of Indians. According to reports from The Economic Times, Tata.Cars will serve as the primary customer facing expression as Tata Motors Passenger Vehicles (TMPV) will continue to be the legal entity. Additionally, BPCL announced that India's Bharat Petroleum Corp will receive its first Iraqi oil cargo of this fiscal year in the next few days, while Hero MotoCorp approved the purchase of additional equity shares of Ather Energy, increasing its shareholding to up to 32.8% on a fully diluted basis.
