Morning Brief: Nifty Edges Up 0.04% to 24,624; DIIs Net Buy ₹2,883 Cr as RBI Holds Rates | 06 Aug 2026, 08:15 AM IST
Key Highlights
Indian equities closed with marginal gains, Nifty at 24,624, as the RBI maintained status quo on policy rates. DIIs were net buyers, offsetting FII outflows.
Indian equity benchmarks closed with marginal gains on Wednesday, with the advancing slightly to 24,624.65. This came as the Reserve Bank of India (RBI) kept its benchmark repo rate unchanged for the fifth consecutive time, a move largely anticipated by the market. However, the Bank Nifty saw a modest dip, while midcap stocks showed positive momentum. (DIIs) provided crucial support, stepping in as net buyers.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,624.65 (+0.04%) |
| Bank Nifty | 57,739.95 (-0.29%) |
| Nifty Midcap 100 | 63,605.25 (+0.18%) |
Institutional Flows
On August 5th, (FIIs) were net sellers in the Indian equity market, recording an outflow of ₹943.42 crore. In contrast, Domestic Institutional Investors (DIIs) showed strong buying interest, with net inflows of ₹2,883.17 crore, providing a significant counter-balance to the FII selling. This trend highlights continued domestic confidence in the market.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-08-05 | -943.42 | 2883.17 |
| 2026-08-04 | 2446.47 | -936.14 |
| 2026-08-03 | 922.26 | 1571.18 |
Breaking down the FII activity further, FIIs made net equity investments of ₹9,323.38 crore and net debt investments of ₹608.81 crore on August 5th, as per SEBI data.
Sector Performance
The market saw varied sector performance, with Auto, Realty, and PSU Bank indices leading the gains. Conversely, FMCG, IT, and Pharma sectors experienced declines.
| Sector | Last |
|---|---|
| Nifty Auto | 29,411.55 (+1.27%) |
| Nifty Realty | 898.70 (+0.84%) |
| Nifty PSU Bank | 8,541.30 (+0.72%) |
| Nifty Financial Services | 26,843.90 (-0.00%) |
| Nifty Pharma | 26,563.55 (-0.13%) |
| Nifty IT | 31,404.05 (-0.16%) |
| Nifty FMCG | 49,383.50 (-0.29%) |
Top Movers (Nifty 50)
Gainers:
| Symbol | Company | Last |
|---|---|---|
| SHRIRAMFIN | Shriram Finance Ltd. | 1,122.40 (+3.23%) |
| GRASIM | Grasim Industries Ltd. | 3,224.00 (+2.74%) |
| HEROMOTOCO | Hero MotoCorp Ltd. | 5,690.00 (+2.56%) |
| JSWSTEEL | JSW Steel Ltd. | 1,330.00 (+2.31%) |
| HINDALCO | Hindalco Industries Ltd. | 1,040.00 (+1.96%) |
Losers:
| Symbol | Company | Last |
|---|---|---|
| TCS | Tata Consultancy Services Ltd. | 2,413.00 (-1.91%) |
| APOLLOHOSP | Apollo Hospitals Enterprise Ltd. | 8,910.00 (-1.55%) |
| HCLTECH | HCL Technologies Ltd. | 1,350.00 (-1.45%) |
| SUNPHARMA | Sun Pharmaceutical Industries Ltd. | 1,940.00 (-1.22%) |
| JIOFIN | JIO Financial Services Ltd. | 261.95 (-1.15%) |
Global Cues
Asian markets largely ended in the green on Wednesday, propelled by a strong technology stock rally and optimism surrounding potential diplomatic progress in the Middle East. US markets also closed higher on Tuesday, driven by robust corporate earnings and reduced oil prices, despite a slight easing in US factory orders for June.
& Macro
The Indian rupee strengthened against the US dollar on Wednesday, closing at 95.08, gaining 20 paise from its previous close of 95.28. In the bond market, yields traded lower, with new 10-year Government Stock yields down 3 basis points at 6.78% from its previous close of 6.81%.
On the economic front:
- Finance Minister Nirmala Sitharaman stated that India is on track to become a $5-trillion economy by FY29, supported by a broad-based growth strategy.
- Gross Goods and Services Tax (GST) collections in July jumped 15.4% to ₹2,11,205 crore year-on-year, driven by higher domestic transactions and imports.
- The government has proposed an easier tax regime for offshore funds, aiming to enhance India’s position as a global fund management hub.
- India’s services sector growth slowed in July, with the HSBC India Services PMI Business Activity Index falling to 53.3 from 57.4 in June, indicating softer demand.
- India is projected to remain among the fastest-growing steel markets globally in FY27, supported by continued infrastructure spending and healthy demand from key sectors.
Corporate & Earnings
- Monarch Surveyors & Engineering Consultants completed the acquisition of GM & FE Ryan, making it a wholly-owned subsidiary.
- Infosys expanded its collaboration with Metsa Group to transform its IT landscape towards an efficient, unified, and AI-ready operating model.
- Berger Paints reported a 29% rise in consolidated net profit for Q1FY27, with total consolidated income increasing by 12.18% at ₹3,622.65 crore.
- Companies like BASF India, FGP, and Margo Finance announced their quarterly results.
- Swan Defence and Heavy Industries issued a press release, Karur Vysya Bank held its Annual General Meeting, and Biocon released an investor presentation.
Watch
The primary market remains active with several IPOs currently open for subscription or opening soon:
- Ardee Industries Ltd., open from August 5-7, has seen robust demand, with the issue subscribed 3.08 times overall. The portion was subscribed 5.32 times, and the portion 3.22 times.
- LAPL Automotive Ltd. opens for subscription today, August 6, and closes on August 10.
- Aegeus Technologies Ltd. is open for subscription and closes today, August 6.
- GV Electricals Ltd. is open for subscription and closes on August 7.
- Upcoming IPOs include Optimystix Entertainment India Ltd., Leap India Ltd., and Technocraft Ventures Ltd., all opening on August 7th.
Mutual Fund News
The mutual fund industry saw new fund offerings, with Kotak Mahindra MF introducing a Diversified Equity All Cap Omni FOF, Franklin Templeton MF launching an India Short Term Fund, and Edelweiss MF bringing out a Nifty REITs & Realty Index Fund. All these schemes opened for subscription on August 5th.
DIIs stepped up with significant buying of ₹2,883 crore, cushioning the impact of FII outflows and highlighting domestic resilience amidst global cues.
The RBI’s decision to hold rates, coupled with positive global market sentiment, sets a cautious yet stable tone for your portfolio as the week progresses.