Morning Brief: Nifty Dips 0.48% to 24,090; FIIs Net Sell ₹298 Cr Amid Global Cues | 28 Aug 2026, 08:16 AM IST
By ThePip Desk
Indian equities closed lower for a second day, with the Nifty 50 falling to 24,090.85. FIIs were net sellers, while DIIs provided support, as global markets reacted to US inflation data.
Indian equity benchmarks concluded Thursday’s session lower for the second consecutive day, influenced by expiry-led volatility and mixed global signals. The Nifty 50 settled at 24,090.85, while the Sensex declined by 0.70%.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,090.85 (-0.48%) |
| Nifty Bank | 57,509.95 (-0.47%) |
| NIFTY Midcap 100 | 64,035.45 (-0.10%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net sellers on Thursday, offloading equities worth ₹298.26 crore. Domestic Institutional Investors (DIIs) provided strong counter-support, recording net purchases of ₹4,977.17 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-08-27 | -298.26 | 4,977.17 |
| 2026-08-26 | 502.63 | 6,425.16 |
| 2026-08-25 | 1,593.53 | 230.26 |
Looking at the broader FII/FPI flows, equity investments saw a net inflow of ₹2,857.96 crore on August 27, while debt markets recorded a net inflow of ₹53.50 crore.
Sector Performance
Nifty Pharma was the sole gainer among major sectors, while PSU Bank, FMCG, Auto, Financial Services, IT, and Realty sectors all closed in the red.
| Sector | Last |
|---|---|
| Nifty Pharma | 26,848.75 (+0.84%) |
| Nifty Realty | 909.60 (-0.06%) |
| Nifty IT | 30,221.15 (-0.32%) |
| Nifty Financial Services | 26,280.65 (-0.40%) |
| Nifty Auto | 28,883.50 (-0.40%) |
| Nifty FMCG | 47,030.45 (-0.47%) |
| Nifty PSU Bank | 8,587.80 (-0.94%) |
Top Movers (Nifty 50)
| Symbol | Company | Last |
|---|---|---|
| Gainers | ||
| ADANIENT | Adani Enterprises Ltd. | 3,169.00 (+1.83%) |
| KOTAKBANK | Kotak Mahindra Bank Ltd. | 424.20 (+1.80%) |
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 1,714.00 (+1.33%) |
| CIPLA | Cipla Ltd. | 1,420.00 (+1.23%) |
| BEL | Bharat Electronics Ltd. | 411.00 (+1.01%) |
| Losers | ||
| HINDALCO | Hindalco Industries Ltd. | 1,024.00 (-2.75%) |
| HDFCBANK | HDFC Bank Ltd. | 711.00 (-2.23%) |
| M&M | Mahindra & Mahindra Ltd. | 3,330.00 (-2.01%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1,101.00 (-1.48%) |
| HCLTECH | HCL Technologies Ltd. | 1,282.00 (-1.27%) |
Global Cues
Asian markets presented a mixed picture on Thursday. Chinese markets advanced on hopes of fresh policy support, while South Korea’s Kospi gained, buoyed by Nvidia’s strong earnings. In contrast, US markets ended marginally lower on Wednesday, as investors reacted to higher-than-expected US inflation data for July and awaited Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech for clues on the US central bank’s rate path.
Currency & Macro
The Indian Rupee softened marginally against the US dollar, closing at 95.45. Bond yields traded higher, with the new 10-year Government Stock yields rising 2 basis points to 6.87%.
On the economic front:
- Industry body Assocham projects India-Japan bilateral trade to reach $50 billion by 2030.
- Union Commerce and Industry Minister Piyush Goyal highlighted India’s potential as a data centre hub, citing $200 billion in investment commitments.
- India and Cambodia have finalized negotiations for a bilateral investment treaty to boost economic ties.
Corporate Actions & Company News
- Viviana Power Tech secured an order worth ₹9.74 crore from GETCO.
- Cranex bagged an order valued at ₹1.87 crore from Eastern Railway.
- Lotus Eye Hospital launched Lotus Optique in Coimbatore.
- Keystone Realtors saw a surge after its board approved raising ₹405 crore via Non-Convertible Debentures (NCDs).
- Ceigall India emerged as the L1 bidder for an inter-state transmission project, with annual transmission charges of ₹608.67 crore.
- Panorama Studios rose on inking distribution pacts for two Marathi feature films.
- Lemon Tree Hotels opened Lemon Tree Premier in Vadodara.
- Vikram Solar completed the acquisition of Vikram Solar Australia.
IPO Watch
Several Initial Public Offerings (IPOs) are currently open for subscription or set to open today:
- Paluck Technologies Ltd. (₹46-48) opened today, closing September 1.
- Priority Jewels Ltd. (₹190-200) opened today, closing September 1.
- ESDS Software Solution Ltd. (₹408-429) opened today, closing September 1.
- Complete Sports and Management India Ltd. (₹128-135) opened today, closing September 1.
- Lumino Industries Ltd. (₹78-82) is open, closing August 31.
- Kwick Forensic Solutions Ltd. (₹85-90) is open, closing August 31.
- Annu Projects Ltd. (₹94-99) is open, closing today, August 28.
- Sumax Engineering Ltd. (₹95-101) is open, closing today, August 28.
Upcoming IPOs include Farm Peace Ltd. (₹59), Deepa Jewellers Ltd. (₹168-177), and Rays Of Belief Ltd. (₹227-239), all opening on September 1.
Mutual Fund News
HDFC Mutual Fund has filed an offer document for a Nifty LargeMidcap250 Plus 8-13 yr G-Sec 7030 Index Fund. Additionally, The Wealth Company MF has introduced a Multi Cap Fund, with its New Fund Offer (NFO) open until September 10.