Morning Brief: Nifty Edges Up 0.05% to 24,583; Midcaps Outperform as FIIs Buy ₹1,974 Cr | 11 Aug 2026, 08:15 AM IST

Indian equity benchmarks ended Monday’s session with a positive bias, as the Nifty 50 gained 0.05% to close at 24,583.80. The broader market saw stronger momentum, with the NIFTY Midcap 100 advancing 0.62% to 63,855.70. Foreign Institutional Investors (FIIs) were net buyers, injecting ₹1,974.76 crore into the market, while Domestic Institutional Investors (DIIs) recorded net selling of ₹1,290.29 crore.

Market Snapshot

Institutional Flows

FIIs turned net buyers on Monday, contributing to the market’s positive close. DIIs, however, recorded net selling during the session. The latest SEBI data indicates FIIs were net buyers in equities by ₹1,020.73 crore and in debt by ₹1,720.17 crore on August 10.

Sector Performance

Nifty Realty led the sectoral gains, while PSU Banks experienced the steepest decline.

Top Movers

Titan Company was among the top Nifty 50 gainers, following a reported 63% jump in its first-quarter profit. Oil India also saw a significant jump after reporting a 91% increase in Q1 consolidated net profit.

Gainers

Losers

Global Cues

Asian markets mostly closed higher on Monday, tracking gains on Wall Street last Friday. US jobs data for July, showing a more modest decrease than anticipated, eased concerns about an imminent Federal Reserve rate hike. However, uncertainty persists regarding the reopening of the Strait of Hormuz, and Iran’s conditions for reopening the strait dampened hopes for stability in global energy markets. Chinese and Hong Kong shares gained on signs of persistent deflationary pressures, reinforcing expectations of continued policy support for the economy. Japan’s Nikkei soared despite a sharp dip in the current account surplus for June.

Currency / Forex

The Indian Rupee weakened against the US dollar on Monday, closing at 95.30, down 13 paise from its previous close of 95.17.

Economy / Macro

A US Senate bill imposing sanctions on Russia could expose Indian exports to additional tariffs of up to 100% if India continues to purchase Russian crude oil, according to the Global Trade Research Initiative (GTRI). Finance Minister Nirmala Sitharaman highlighted that the government’s sustained capital expenditure push has encouraged private sector investment. The RBI noted that the rural economy and agriculture sector have gained resilience over the years, supported by allied activities and improved farming practices. S&P Global Ratings warned that Asia-Pacific economies, including India, remain susceptible to El Nino-driven shocks, primarily through reduced agricultural output and higher food inflation.

RBI / Policy

The Reserve Bank of India (RBI) reported that non-banking financial companies (NBFCs) maintained credit momentum in June 2026, with credit growth accelerating to 14.4% year-on-year. Credit growth in agriculture and allied activities recorded a robust 17.9% increase. Additionally, India crossed the 300 gigawatts (GW) milestone in non-fossil fuel-based installed electricity generation capacity as of July 31, 2026, achieving over 60% of its 2030 target.

Corporate & Earnings

• Adani Green Energy Ltd.: Provided updates on US criminal and civil matters.
• Revathi Equipment India Ltd.: Announced changes in management.
• Carysil Ltd.: Released an investor presentation.
• Lupin: Received USFDA approval for Sodium Zirconium Cyclosilicate for Oral Suspension in the US.
• Zydus Lifesciences: Launched REVAHALE, addressing challenges in inhaler-dependent therapies.
• Ameenji Rubber: Secured a purchase order worth ₹2.90 crore, expected to be completed within four months.
• Q1 Results: Aegis Logistics, Bajaj Electricals, and Blue Star announced their first-quarter results.

IPO Watch

Several Initial Public Offerings (IPOs) are currently open for subscription, offering opportunities for your portfolio.

• Milky Mist Dairy Food Ltd.: Opens August 11-13, price band ₹133-140, lot size 107.
• Fascinate Textiles Ltd.: Opens August 11-13, price band ₹148-156, lot size 1600.
• Sham Foam Ltd.: Opens August 11-13, price band ₹130, lot size 2000.
• Dhoot Transmission Ltd.: Open August 10-12, price band ₹829-871, lot size 17.
• Molbio Diagnostics Ltd.: Open August 10-12, price band ₹768-807, lot size 18.
• Technocraft Ventures Ltd.: Open August 7-11, price band ₹200-212, lot size 70.
• Leap India Ltd.: Open August 7-11, price band ₹151-159, lot size 94.
• Optimystix Entertainment India Ltd.: Open August 7-11, price band ₹166-175, lot size 1600.

Midcap stocks continue to show resilience, indicating a broader market participation beyond the frontline indices.

FIIs returning as net buyers, especially in both equity and debt, could provide crucial support for market sentiment in the coming sessions.