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The stock quoted a 52-week high price of Rs 173.45 and a 52-week low of Rs 125.2.

A panel of ministers will make the final decision on the structure of the deal, the people said. The government and LIC will formally seek to gauge buyer interest as soon as the end of September, one of the people said.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 60855.43 Crore) operating in Financial Services sector.

A total of 190 shares changed hands on the counter till 11:37AM (IST)

“We built up a position in ICICI Lombard. We had a smaller position last year. It has been ramped up significantly over the last six months. A lot of stuff is happening in IRDA which is very encouraging for high quality multiline insurance companies like ICICI Lombard. We hope to make more money from it in the years ahead.”

The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: One, the strong growth momentum in the economy and two, the steady FII flows even when the Dollar has been appreciating.

The global cryptocurrency market cap was trading at the $1.04 trillion mark, rising about 2 per cent in the last 24 hours. However, the total trading volume dropped more than 7 per cent close to $65.46 billion.

The stock has recently made a higher bottom formation pattern on the daily chart taking support near the Rs 990 zone and given a decent pullback with improving bias moving past the significant 50 EMA level of Rs 1,002.67, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, said.

A total of 68,554 shares changed hands on the counter till 10:20AM (IST)

The highest new OI addition was seen at 18,000 for Calls and 17,000 for Puts in weekly and at 18,000 for Calls and 17,000 for Puts in monthly contracts. Bulls regained control of D-Street after a mild selloff seen earlier this week. A retest of 17,800-17,900 levels is on the cards, suggest experts.