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Promoters held 30.3 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 25.34 per cent, respectively.

The Indian rupee stayed flat at 83.7150 against the U.S. dollar on Monday, marginally better than its record low in the previous session. The currency faced pressure from local equity outflows and a volatile Chinese yuan, while forward premiums rose due to declining U.S. bond yields.

Gold futures at MCX opened flat while silver marginally increased amid influences from U.S. interest rate expectations and Indian custom duty cuts.

​On July 26, the closing prices of four stocks dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).

A total of 1,938,375 shares changed hands on the counter till 11:01AM (IST)

In the June quarter, mutual funds boosted investments in leading IT stocks like Infosys and TCS, while FIIs reduced their stakes. Experts highlighted improved profits and positive future prospects driven by BFSI recovery and AI advancements.

Nifty had a decent rally on Friday following a period of downward consolidation in the previous few sessions. The index sustained above the 21 EMA at closing, setting the stage for solid gains in the near term. Banks, which had not been supportive in the last few sessions, came in with their full support.