Morning Brief: Nifty Edges Up 0.02% to 24,211; FIIs Net Sell ₹3,062 Cr Amid Rising Inflation | 14 Jul 2026, 08:16 AM IST
By ThePip Desk
Indian equities saw marginal gains, with Nifty closing at 24,211, despite significant FII outflows of ₹3,062 crore. Rising inflation and global tensions weigh on sentiment.
Indian equity benchmarks registered marginal gains on Monday, primarily supported by strong buying in information technology stocks. This modest uptick occurred despite renewed geopolitical tensions in the Middle East and a significant outflow of foreign institutional investment.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,211.00 (+0.02%) |
| Nifty Bank | 58,131.45 (+0.15%) |
| NIFTY Midcap 100 | 63,040.95 (+0.01%) |
Institutional Flows
Foreign Institutional Investors (FIIs) turned net sellers on Monday, offloading equities worth ₹3,062.27 crore. This marks a shift after a period of mixed flows, with FIIs being net buyers in three of the last five sessions. Domestic Institutional Investors (DIIs), however, provided crucial support, recording net purchases of ₹2,171.70 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-13 | -3,062.27 | 2,171.70 |
| 2026-07-10 | 2,603.72 | 2,019.68 |
| 2026-07-09 | -532.86 | 2,057.79 |
| 2026-07-08 | 1,962.80 | 790.16 |
| 2026-07-07 | 393.19 | -383.43 |
In a detailed breakdown of FII activity, equity gross purchases stood at ₹16,656.18 crore against gross sales of ₹13,499.12 crore on July 13, resulting in a net equity investment of ₹3,157.06 crore. In the debt segment, FIIs made gross purchases of ₹2,502.06 crore and gross sales of ₹1,826.00 crore, leading to a net debt investment of ₹676.06 crore.
Sector Performance
The IT sector led the gains, reflecting the strong performance of technology stocks. Other sectors saw muted or negative movement.
| Sector | Last |
|---|---|
| Nifty IT | 29,015.85 (+3.59%) |
| Nifty Auto | 26,981.50 (+0.45%) |
| Nifty PSU Bank | 8,460.60 (+0.11%) |
| Nifty Financial Services | 26,836.15 (+0.02%) |
| Nifty Pharma | 25,643.35 (-0.12%) |
| Nifty Realty | 937.15 (-0.15%) |
| Nifty FMCG | 48,809.90 (-1.02%) |
Top Movers
IT majors dominated the top gainers list, while diversified and metal stocks were among the top losers in yesterday’s session.
Gainers
| Symbol | Company | Last |
|---|---|---|
| TCS | Tata Consultancy Services Ltd. | 2,181.50 (+5.44%) |
| HCLTECH | HCL Technologies Ltd. | 1,221.20 (+4.91%) |
| TECHM | Tech Mahindra Ltd. | 1,504.50 (+3.42%) |
| INFY | Infosys Ltd. | 1,102.60 (+3.24%) |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 10,381.00 (+2.22%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| GRASIM | Grasim Industries Ltd. | 3,144.30 (-2.16%) |
| TATASTEEL | Tata Steel Ltd. | 187.11 (-2.13%) |
| NESTLEIND | Nestle India Ltd. | 1,427.00 (-1.94%) |
| INDIGO | Interglobe Aviation Ltd. | 5,229.50 (-1.55%) |
| ETERNAL | Eternal Ltd. | 285.20 (-1.54%) |
Global Cues
Asian markets closed mixed on Monday, reacting to escalating US-Iran conflicts and threats to close the vital Strait of Hormuz, which sent crude oil prices soaring. South Korea’s Kospi was a notable laggard, plunging significantly and triggering a market-wide circuit breaker due to heavy sell-offs in AI and semiconductor stocks.
Currency & Macro
The Indian rupee depreciated against the US dollar amid a surge in crude oil prices. On the macro front, retail inflation jumped in June, breaching the Reserve Bank of India’s medium-term target of 4%, mainly due to higher food prices. This marks the fifth consecutive monthly increase in inflation.
In other economic news:
- India and Canada have concluded the third round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA), aiming to finalize the pact by year-end.
- Crisil Intelligence projects India Inc’s revenues to grow at a two-year high in Q1FY27, despite West Asia tensions, with the automobile sector expected to be a strong contributor.
- The International Monetary Fund (IMF) revised India’s growth projection for FY27, a slight downgrade from its earlier forecast, citing higher energy prices.
IPO Watch
Three new Initial Public Offerings (IPOs) are set to open for subscription today, July 14, 2026:
- Millworks Technologies Ltd.: Price band ₹315-₹331.
- SBI Funds Management Ltd.: Price band ₹545-₹574.
- Alpine Texworld Ltd.: Price band ₹100-₹105.
Corporate & Earnings
Several companies were in the news for their performance and corporate developments:
- L&T Finance reported strong growth in Q1 consolidated net profit.
- H.G. Infra Engineering surged after incorporating a wholly-owned subsidiary.
- Just Dial saw its net profit rise in Q1FY27.
- Tech Mahindra announced a partnership with CloudSEK for AI-driven threat intelligence solutions.
- IndusInd Bank integrated with EPFO, digitizing a widely used statutory payment.
- PDS entered a SaaS contract with a leading French supermarket to manage textile sourcing across multiple Asian countries.