Morning Brief: Nifty Dips 0.66% to 24,052 Amid West Asia Tensions; FIIs Net Sell ₹740 Cr | 15 Jul 2026, 08:15 AM IST
By ThePip Desk
Indian markets closed lower at 24,052, down 0.66%, driven by escalating West Asia tensions and FII outflows. DIIs provided support with significant buying.
Indian equity benchmarks ended over half a percent lower on Tuesday, impacted by a sharp surge in crude oil prices due to renewed flare-up in West Asia. Fresh foreign fund outflows and a weakening rupee also pressured the markets, leading to a gap-down start for today’s session. Wholesale inflation remains elevated at 9.87% in June, with retail inflation also jumping to 4.38%.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,052.05 (-0.66%) |
| Nifty Bank | 57,462.30 (-1.15%) |
| NIFTY Midcap 100 | 62,766.40 (-0.44%) |
Institutional Flows
Foreign Institutional Investors (FIIs) remained net sellers in the Indian equity markets on July 14, offloading equities worth ₹739.69 crore. Domestic Institutional Investors (DIIs), however, provided strong support, buying equities worth ₹2,927.71 crore on the same day.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-14 | -739.69 | 2927.71 |
| 2026-07-13 | -3062.27 | 2171.70 |
| 2026-07-10 | 2603.72 | 2019.68 |
| 2026-07-09 | -532.86 | 2057.79 |
| 2026-07-08 | 1962.80 | 790.16 |
As of July 13, SEBI data indicates FIIs made a net equity investment of ₹3,157.06 crore and a net debt investment of ₹676.06 crore.
Sector Performance
| Sector | Last |
|---|---|
| Nifty Pharma | 25,907.10 (+1.03%) |
| Nifty FMCG | 48,524.95 (-0.58%) |
| Nifty IT | 28,724.75 (-1.00%) |
| Nifty Financial Services | 26,536.70 (-1.12%) |
| Nifty Auto | 26,547.50 (-1.61%) |
| Nifty PSU Bank | 8,307.90 (-1.80%) |
| Nifty Realty | 918.65 (-1.97%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| BHARTIARTL | Bharti Airtel Ltd. | 1,936.50 (+1.82%) |
| APOLLOHOSP | Apollo Hospitals Enterprise Ltd. | 8,900.50 (+1.34%) |
| SUNPHARMA | Sun Pharmaceutical Industries Ltd. | 1,942.60 (+1.10%) |
| DRREDDY | Dr. Reddy’s Laboratories Ltd. | 1,246.20 (+0.95%) |
| TCS | Tata Consultancy Services Ltd. | 2,200.60 (+0.88%) |
| Symbol | Company | Last |
|---|---|---|
| HCLTECH | HCL Technologies Ltd. | 1,166.70 (-4.46%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1,013.90 (-3.26%) |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 555.20 (-3.17%) |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 333.35 (-2.60%) |
| INDIGO | Interglobe Aviation Ltd. | 5,108.00 (-2.32%) |
Global Cues
US markets closed sharply lower on Monday, with the Nasdaq dropping more than 1.5% amid a surge in crude oil prices following continued exchanges between the US and Iran. Asian markets were mixed on Tuesday; Chinese shares gained after customs data revealed June exports grew by 27% year-on-year and imports jumped by 36%, while South Korea’s KOSPI plummeted to multi-month lows, pressured by aggressive profit-taking and geopolitical tensions.
Currency & Macro
The Indian Rupee weakened against the US dollar, ending at 96.26, a depreciation of 58 paise from its previous close. Bond yields also traded higher, with the new 10-year Government Stock yielding 6.81%, up 8 basis points.
India’s wholesale price index (WPI) inflation surged to 9.87% in June 2026, up from 9.68% in May 2026, driven by spikes in food, non-food articles, and minerals. Retail inflation, measured by CPI, also jumped to 4.38% (Provisional) in June 2026 from 3.93% (Final) in May 2026, breaching the Reserve Bank of India’s medium-term target of 4%.
Commerce and Industry Minister Piyush Goyal stated that India and the EU are likely to complete the legal scrubbing of their trade agreement text within the next week or two. India and Canada have concluded the third round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA), aiming to seal the pact by year-end. Crisil Intelligence projects revenues of India Inc to grow at a two-year high of up to 11.5% in the June quarter (Q1) of fiscal year 2026-27, despite ongoing tensions in West Asia.
IPO Watch
- Millworks Technologies Ltd.: The issue opened on July 14, 2026, and will close on July 16, 2026, with a price band of ₹315-331.
- SBI Funds Management Ltd.: The issue opened for subscription on July 14, 2026, and will close on July 16, 2026, with a price band of ₹545-574.
- Alpine Texworld Ltd.: The issue opened for subscription on July 14, 2026, and will close on July 16, 2026, with a price band of ₹100-105.
Upcoming IPOs include Sotefin Bharat Ltd. (opening July 16, 2026, price band ₹178-187) and Caliber Mining and Logistics Ltd. (opening July 17, 2026, price band ₹402-424).
Corporate & Earnings
- Kusumgar Ltd.: Equity Shares were listed today.
- 3i Infotech: Its arm bagged a ₹1.47 crore order for API development.
- EaseMyTrip: Signed an MoU with the Government of Jharkhand to promote state tourism.
- Kirloskar Brothers: Its arm won an order worth ₹149.59 crore for the supply of vertical pumps and spares.
Companies that announced quarterly results include Khaitan Chem & Fert., Shree Steel WireRope, and Plastiblends India.