Morning Brief: Nifty Climbs 0.27% to 24,383; Midcaps Lead Gains, FIIs Net Buyers | 03 Aug 2026, 08:15 AM IST
Key Highlights
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 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
(FIIs) were net buyers, injecting capital into the Indian markets, while (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%.
Watch
Several Initial 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.: 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.