Morning Brief: Nifty Dips 0.12% to 24,366; FIIs Net Buy ₹508 Cr Amid Inflation Concerns | 17 Aug 2026, 08:15 AM IST
By ThePip Desk
Indian markets closed lower with Nifty at 24,366, despite FIIs turning net buyers on Friday. Elevated retail inflation and cautious global cues weigh on your portfolio.
Indian benchmark indices ended Friday’s session in negative territory, with the Nifty 50 closing at 24,366.00. The broader market also witnessed a decline, reflecting a cautious sentiment among investors.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,366.00 (-0.12%) |
| Nifty Bank | 57,491.10 (-0.25%) |
| Nifty Midcap 100 | 63,782.15 (-0.53%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net buyers in the equity segment on Friday, while Domestic Institutional Investors (DIIs) also recorded net purchases. This marked a shift for FIIs, who had been net sellers in the preceding two sessions.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-08-14 | +508.12 | +356.40 |
| 2026-08-13 | -510.69 | +4353.09 |
| 2026-08-12 | -1002.50 | +5841.66 |
| 2026-08-11 | +258.55 | +24.77 |
| 2026-08-10 | +1974.76 | -1290.29 |
Examining the SEBI FII/FPI data, foreign investors were net buyers in equities on August 14, but were net sellers in the debt market.
| Date | Equity Net Investment (₹ Cr) | Debt Net Investment (₹ Cr) |
|---|---|---|
| 2026-08-14 | +351.27 | -2678.21 |
| 2026-08-13 | -1005.68 | +327.12 |
| 2026-08-12 | -172.83 | -121.94 |
Sector Performance
Most sectors witnessed declines, with Nifty Pharma, Nifty Auto, and Nifty PSU Bank among the top losers.
| Sector | Last |
|---|---|
| Nifty IT | 31,357.75 (-0.31%) |
| Nifty Realty | 895.65 (-0.31%) |
| Nifty Financial Services | 26,213.65 (-0.43%) |
| Nifty FMCG | 48,615.05 (-0.46%) |
| Nifty PSU Bank | 8,738.80 (-0.57%) |
| Nifty Auto | 29,207.90 (-0.63%) |
| Nifty Pharma | 26,445.55 (-0.90%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| APOLLOHOSP | Apollo Hospitals Enterprise Ltd. | 8,920.50 (+3.73%) |
| BHARTIARTL | Bharti Airtel Ltd. | 1,992.10 (+2.73%) |
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 1,700.00 (+2.53%) |
| ADANIENT | Adani Enterprises Ltd. | 3,035.10 (+2.37%) |
| BPCL | Bharat Petroleum Corporation Ltd. | 319.45 (+1.41%) |
| Symbol | Company | Last |
|---|---|---|
| TMPV | Tata Motors Passenger Vehicles Ltd. | 334.50 (-4.32%) |
| JIOFIN | JIO Financial Services Ltd. | 249.05 (-2.56%) |
| ASIANPAINT | Asian Paints Ltd. | 2,696.30 (-2.15%) |
| HINDALCO | Hindalco Industries Ltd. | 1,029.50 (-1.60%) |
| ONGC | Oil & Natural Gas Corporation Ltd. | 236.40 (-1.46%) |
Economy & Macro
India’s economic outlook remains robust, with SBI Research projecting a strong GDP growth for the first quarter of the current fiscal year (Q1FY27). The NITI Aayog emphasized a focused strategy for India to become a global manufacturing hub by 2047, highlighting key sectors like chemicals, textiles, and solar PV manufacturing. In a significant move, India and the Southern African Customs Union (SACU) signed the Terms of Reference for negotiations towards a Preferential Trade Agreement, aiming to strengthen trade relations.
On the inflation front, India’s wholesale price index (WPI) inflation showed a mild cooling in July. However, retail inflation, measured by the CPI, rose in July, primarily driven by elevated food prices, marking the sixth consecutive monthly increase.
India’s exports to the West Asian region saw a year-on-year rise in July. Additionally, ICRA reported aggregate revenue growth for India Inc in the June quarter, indicating earnings resilience despite weakness in the oil sector.
Bond Markets
Bond yields remained largely flat on Friday, with the new 10-year Government Stock trading at its previous close of 6.75%.
IPO Watch
- Lalithaa Jewellery Mart Ltd.: IPO opens August 17-19, with a price band of ₹190-201.
- Horizon Industrial Parks Ltd.: IPO opens August 17-19, with a price band of ₹57-60.
- Skytech Infinite Platform Ltd.: IPO open until August 18, with a price band of ₹73-77.
- Technocrats Plasma Systems Ltd.: IPO open until August 18, with a price band of ₹125-132.
- ENS Enterprises Ltd.: IPO open until August 18, with a price band of ₹87-92.
- Credent Connect N Care Ltd.: IPO open until August 17, with a price band of ₹179-189.
- Fascinate Textiles Ltd.: IPO open until August 19, with a price band of ₹142-151.
Upcoming IPOs include Shankesh Jewellers Ltd. (August 18-20) and Sunshine Pictures Ltd. (August 18-20).
Corporate & Earnings News
- Reliance Industries: Partnering with Rolls-Royce for India’s AMCA programme, aiming for joint development of the AMCA engine.
- Eicher Motors: Launched an updated Continental GT 650, available across dealerships from August 14.
- Ashok Leyland: Reported a marginal rise in Q1 consolidated net profit, with total consolidated income increasing by 12.29% for Q1FY27.
- Aurobindo Pharma: US FDA inspection at its Raleigh plant classified as Voluntary Action Indicated (VAI).
- Kotak Mahindra Bank: Announced an investor presentation.
- Yes Bank: Intimated about an upcoming analyst/investor meet.
- Bajaj Hindusthan Sug: Announced quarterly results.
- Aditya Birla Real: Announced quarterly results.
- CESC: Announced quarterly results.
Mutual Fund News
- UTI Mutual Fund: Filed offer document for Nifty India New Age Consumption Exchange Traded Fund.
- Baroda BNP Paribas AMC: Announced appointment of CEO.
- Invesco AMC: Announced change in Key Personnels.
Despite FIIs turning net buyers on Friday, the broader market sentiment remained cautious, indicating underlying concerns about inflation and macroeconomic stability impacting your portfolio.
The rise in retail inflation, coupled with the continued strong GDP growth projections, presents a nuanced picture for policymakers as they balance growth impulses against price stability.