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The Centre is set to launch an Offer for Sale (OFS) of 59.5 million shares in General Insurance Corp (GIC), reducing its stake from 85.78% to 79%. The floor price is Rs 395 per share, expected to raise around Rs 4,701 crore. This move aligns with SEBI’s public shareholding requirement.

The Nifty index remained range-bound on Tuesday, closing positively for the 14th day. Analysts noted resistance at 25,300 due to strong call option writing. A move above this level could lead to a rally toward 25,500, with support at 25,200 and 25,000.

The banking system liquidity as measured by net absorption of funds by the RBI, stood at a surplus of Rs. 2.23 lakh crore, as of September 2nd, central bank data showed.

Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year.

Private equity firm WestBridge Capital on Tuesday divested a 1.5 per cent stake in AU Small Finance Bank for Rs 736 crore via open market transactions.

The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday.

OfBusiness, an Indian shopping website backed by SoftBank, plans a $1 billion IPO in the second half of 2025. The company is in talks with major banks to manage the offer. Proceeds will be used for debt repayment and business growth. OfBusiness targets a valuation between $6 billion and $9 billion.