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Promoters held 62.4 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 6.99 per cent and 0.89 per cent, respectively.

A total of 542 shares changed hands on the counter till 11:22AM (IST).

As part of the demerger plan, ITC has chosen to keep a 40% stake with itself and give the rest to existing shareholders. The share ratio would be finalised by the ITC board at its meeting on August 14. Investors are also expecting that the spin-off of the hotels business is the first step after which other non-cigarette businesses could also be demerged.

​This pattern is indicative of an upcoming change in the current bullish trend.(​

​The Futures Long Position Scan performed on the last trading day (i.e. July 28, 2023) revealed Aggressive New Long positions were taken on Nifty 500 smallcaps. ​

Since it is the beginning of the new series, option data is scattered at various far strikes in the monthly series. On the weekly front, the maximum Call OI is placed at 19800 and then towards 19700 strikes.

According to Raamdeo Agrawal, Chairman of MOFSL, pure internet companies such as Zomato, Swiggy, and PolicyBazaar can become large players in terms of profit pool. Companies like Bajaj Finance, Zerodha, and Angel One, which are traditional businesses leveraging the power of technology, are also poised for accelerated growth. Another area for growth is the real estate industry, which is showing profits after years of losses.

From the Sensex pack, Asian Paints, HUL, ITC, Bajaj Finance, Maruti, and Sun Pharma opened with losses, while Power Grid, Tata Motors, NTPC, JSW Steel, and Tata Steel opened with gains.

Foreign investors raised their holding in RIL for the first time in six quarters in the three months ended June, albeit marginally. Their stake in the company rose to 22.55% as of June end, from a 26-quarter low of 22.49% in the preceding quarter, shareholding data showed.

At the interbank foreign exchange, the domestic unit opened at 82.23, then touched a high of 82.21 against the American currency. It later traded at 82.25, registering a fall of 7 paise over its previous close.