Morning Brief: Nifty Dips to 24,187; FIIs Net Buyers ₹1,650 Cr Amid Mixed Global Cues | 22 Jul 2026, 08:15 AM IST
By ThePip Desk
Indian equities saw a marginal dip with Nifty closing at 24,187.70, despite FIIs turning net buyers with ₹1,650.16 crore. Global markets remain mixed, influencing investor sentiment.
Indian equities saw a marginal dip on Tuesday, with the Nifty 50 closing lower, while the Midcap index showed resilience. Foreign Institutional Investors (FIIs) turned net buyers, injecting capital after a period of outflows, as global cues remained mixed.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,187.70 (-0.21%) |
| Nifty Bank | 57,835.35 (-0.19%) |
| NIFTY Midcap 100 | 62,987.60 (+0.30%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net buyers on July 21, infusing ₹1,650.16 crore into the Indian equity market. This marks a positive shift after several sessions of net selling. Domestic Institutional Investors (DIIs), however, were net sellers, offloading ₹656.88 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-21 | 1,650.16 | -656.88 |
| 2026-07-20 | -1,121.04 | 1,312.03 |
| 2026-07-17 | -376.41 | 1,017.89 |
| 2026-07-16 | -4,205.56 | 2,986.41 |
| 2026-07-15 | -735.83 | 704.93 |
Looking at SEBI FII/FPI data, equity investments saw a net inflow of ₹1,928.03 crore on July 21, while debt markets also attracted ₹671.70 crore.
Sector Performance
Realty and Auto sectors led the gains, while PSU Bank and IT indices saw declines.
| Sector | Last |
|---|---|
| Nifty Realty | 927.35 (+1.07%) |
| Nifty Auto | 27,280.60 (+0.93%) |
| Nifty Pharma | 26,092.85 (+0.35%) |
| Nifty Financial Services | 26,531.65 (-0.16%) |
| Nifty FMCG | 48,917.20 (-0.31%) |
| Nifty IT | 28,984.40 (-0.61%) |
| Nifty PSU Bank | 8,538.95 (-0.88%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| SHRIRAMFIN | Shriram Finance Ltd. | 1,061.50 (+2.52%) |
| BAJAJFINSV | Bajaj Finserv Ltd. | 1,900.60 (+2.10%) |
| EICHERMOT | Eicher Motors Ltd. | 7,689.50 (+1.67%) |
| ULTRACEMCO | Ultratech Cement Ltd. | 12,094.00 (+1.60%) |
| HCLTECH | HCL Technologies Ltd. | 1,239.50 (+1.49%) |
| Symbol | Company | Last |
|---|---|---|
| HDFCBANK | HDFC Bank Ltd. | 761.45 (-2.08%) |
| SBIN | State Bank Of India | 1,044.40 (-1.47%) |
| RELIANCE | Reliance Industries Ltd. | 1,303.70 (-1.47%) |
| DRREDDY | Dr. Reddy’s Laboratories Ltd. | 1,206.00 (-1.40%) |
| TCS | Tata Consultancy Services Ltd. | 2,221.10 (-1.33%) |
Global Cues
Asian markets mostly ended higher on Tuesday, buoyed by hopes of US-Iran peace negotiations and a technology sector rebound. Chinese shares jumped after state-owned enterprises announced measures to boost confidence. In contrast, US markets closed lower on Monday due to US-Iran developments, oil supply concerns, and a modest pullback in leading economic indicators.
Currency & Macro
The Indian rupee strengthened against the US dollar on Tuesday, closing at 96.25. On the macro front, India’s wholesale inflation remained elevated at 9.87% in June, while retail inflation jumped to 4.38%, breaching the RBI’s medium-term target. The RBI’s concessional swap facility attracted $20.72 billion in forex inflows until July 17. India is also actively pursuing closer economic ties with Panama and working on investment protection and Geographical Indications agreements with the EU, with a Free Trade Agreement expected by end-2026.
Corporate & Earnings
- Aurobindo Pharma’s arm received ANVISA’s approval for its biosimilars manufacturing facility in Hyderabad.
- Indiamart Intermesh received approval to incorporate a Wholly Owned Subsidiary.
- Maruti Suzuki announced a price hike across its models starting August.
- Meenakshi India Ltd. saw its equity shares listed.
- Rajshree Sugars & Chemicals, Swaraj Engines, and Sunrise Industrial Trader announced their quarterly results.
IPO Watch
Several IPOs are currently open or set to open soon:
- Cube Highways Trust: Open from July 22-24, price band ₹151-152.
- Shree Balaji (Mala) Textiles Ltd.: Open from July 22-24, price band ₹66-70.
- Metalic Technoforge Ltd.: Open from July 21-23, price band ₹72-77.
- Gulf Lloyds (India) Ltd.: Open from July 20-22, issue price ₹100.
- Silverstorm Parks And Resorts Ltd.: Upcoming, opening July 24-28, price band ₹123-133.
- Xtranet Technologies Ltd.: Upcoming, opening July 23-27, price band ₹120-127.
- Lohia Corp Ltd.: Upcoming, opening July 23-27, price band ₹404-425.
- INDO-MIM Ltd.: Upcoming, opening July 23-27, price band ₹461-485.
Despite a slight market dip, FIIs turned net buyers, indicating selective confidence in Indian equities even as global tensions persist.
The strengthening rupee and robust forex inflows via RBI’s swap facility highlight underlying stability in the currency market amidst rising domestic inflation concerns.