Morning Brief: Nifty Climbs 0.27% to 24,383; Midcaps Lead Gains, FIIs Net Buyers | 03 Aug 2026, 08:15 AM IST
By ThePip Desk
Indian equity markets saw Nifty close at 24,383.6 with a 0.27% gain, while Nifty Midcap surged 0.44%. FIIs continued their buying trend, supporting the positive sentiment.
Indian equities opened the week on a positive note, with the Nifty 50 advancing to 24,383.6, marking a +0.27% gain. The broader market saw strong performance from midcap stocks, as the Nifty Midcap 100 index rose +0.44%, signaling robust participation beyond the frontline indices. Banking stocks also contributed to the upside, with the Nifty Bank index closing higher.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,383.6 (+0.27%) |
| Nifty Bank | 57,264.85 (+0.21%) |
| Nifty Midcap 100 | 62,915.3 (+0.44%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net buyers, injecting capital into the Indian markets, while Domestic Institutional Investors (DIIs) also showed strong buying interest. This dual support from institutional players underpinned the market’s positive momentum.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-31 | +277.48 | +2,260.37 |
| 2026-07-30 | +3,623.51 | -1,864.03 |
| 2026-07-29 | +2,981.87 | +998.02 |
| 2026-07-28 | +755.33 | +1,664.16 |
| 2026-07-27 | -1,688.23 | +2,329.14 |
A closer look at SEBI FII/FPI flow data reveals FIIs were significant net buyers in equities on July 31, with a net investment of ₹4,787.78 crore. However, they were net sellers in the debt market, offloading ₹5,427.04 crore.
Sector Performance
The automotive and financial services sectors led the gains, while IT and FMCG indices saw declines.
| Sector | Last |
|---|---|
| Nifty Auto | 28,744.15 (+1.64%) |
| Nifty Financial Services | 26,594.05 (+1.31%) |
| Nifty Pharma | 26,534.8 (+0.72%) |
| Nifty PSU Bank | 8,367.2 (+0.47%) |
| Nifty Realty | 901.45 (+0.22%) |
| Nifty FMCG | 49,121.2 (-1.05%) |
| Nifty IT | 30,708.95 (-1.56%) |
Top Movers
Bajaj Finance and Bajaj Finserv were among the top gainers, while IT majors TCS and Infosys featured on the losers’ list.
Gainers
| Symbol | Company | Last |
|---|---|---|
| BAJFINANCE | Bajaj Finance Ltd. | 1,141.2 (+8.32%) |
| BAJAJFINSV | Bajaj Finserv Ltd. | 2,029.1 (+6.27%) |
| JIOFIN | JIO Financial Services Ltd. | 256.46 (+3.85%) |
| M&M | Mahindra & Mahindra Ltd. | 3,398.5 (+3.50%) |
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 1,696.5 (+1.95%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| TCS | Tata Consultancy Services Ltd. | 2,365.6 (-2.72%) |
| ETERNAL | Eternal Ltd. | 302.45 (-2.64%) |
| MAXHEALTH | Max Healthcare Institute Ltd. | 1,098.5 (-2.34%) |
| INFY | Infosys Ltd. | 1,130.1 (-2.16%) |
| WIPRO | Wipro Ltd. | 183.65 (-1.44%) |
Global Cues
Moody’s projects a moderation in Asia-Pacific growth to 4.1% in 2026 from 4.3% in 2025, citing high commodity prices and tighter policy settings. Despite these headwinds, India is expected to remain one of the fastest-growing major economies in the region.
Economy & Macro
- The India-European Union (EU) Free Trade Agreement (FTA) includes a comprehensive work plan to address concerns regarding the EU’s Carbon Border Adjustment Mechanism (CBAM).
- Optimism surrounds the early enforcement of the India-US bilateral trade agreement (BTA), with the first tranche expected to operate once India gains a comparative advantage.
- Union Minister Pankaj Chaudhary highlighted India’s strong macroeconomic fundamentals, with real GDP expanding over 7% annually for the past three years.
- Petrol blended with 20% ethanol (E20) may reduce fuel economy by 2%-6%, though engine durability tests showed no failures.
- India and Bhutan reviewed progress on India-supported projects and inked a ₹4,000 crore line of credit to support Bhutan’s development initiatives.
Bond Market
Bond yields traded lower on Friday, with yields on the new 10-year Government Stock decreasing by 1 basis point to 6.80%.
IPO Watch
Several Initial Public Offerings (IPOs) are currently open for subscription:
- Anawil Wire And Engineering Ltd.: Opens August 3, closes August 5, with a price band of ₹257-270 per share.
- GV Electricals Ltd.: Open until August 4, priced at ₹123-130 per share.
- Fusion Klassroom Edutech Ltd.: Open until August 4, with a price band of ₹151-159 per share.
- Oneindig Technologies Ltd.: Open until August 3, priced at ₹91-96 per share.
- Juniper Green Energy Ltd.: Open until August 3, with a price band of ₹214-225 per share.
- MV Electrosystems Ltd.: Open until August 3, priced at ₹400-425 per share.
- Dhaval Packaging Ltd.: Open until August 3, with a price band of ₹92-97 per share.
Corporate & Earnings
- Sun Pharma reported a 27% rise in Q1 consolidated net profit, with consolidated total income increasing by 11.93% to ₹16,023.50 crore.
- Hero MotoCorp’s VIDA introduced the VIDA EVOOTER VX2 Go FB, offering an IDC-certified range of 128 km.
- RailTel Corporation secured a purchase order worth ₹33.79 crore for infrastructure as a service.
- Britannia Industries announced a change in management.
- Other companies that announced quarterly results include Bajaj Finance, Oriental Aromatics, and Chambal Fertilizers & Chemicals.