Morning Brief: Nifty Edges Up 0.14% to 24,056; DIIs Net Buy ₹5,747 Cr Amid Mixed Global Cues | 26 Jun 2026, 08:16 AM IST
By Sivam
Indian equities saw a marginal uptick, with the Nifty 50 closing at 24,056, driven by strong domestic institutional buying despite cautious global sentiment.
Indian equity benchmarks closed marginally higher on Thursday, with the Nifty 50 gaining +0.14% to 24,056. Sentiment was supported by softening crude oil prices and a rally in some global markets, though concerns over the US interest rate outlook tempered gains. Domestic institutional investors continued their strong buying activity.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,056.00 (+0.14%) |
| Nifty Bank | 58,177.05 (+0.05%) |
| NIFTY Midcap 100 | 61,795.50 (-0.55%) |
Institutional Flows
Domestic Institutional Investors (DIIs) were significant net buyers on Thursday, injecting ₹5,747.75 crore into the market. Foreign Institutional Investors (FIIs) also turned net buyers, with a modest inflow of ₹383.76 crore, reversing the previous session’s outflows.
| Date | FII Net | DII Net |
|---|---|---|
| 2026-06-25 | 383.76 | 5747.75 |
| 2026-06-24 | -1843.40 | 3637.26 |
| 2026-06-23 | 17.86 | 680.21 |
| 2026-06-22 | -635.91 | 1035.72 |
| 2026-06-19 | 4859.07 | -1159.64 |
Breaking down the FII activity further, FPIs were net buyers in both equity and debt segments on June 25, with substantial inflows into debt markets.
| Date | Equity Net (₹ Cr) | Debt Net (₹ Cr) |
|---|---|---|
| 2026-06-25 | 1298.21 | 8847.47 |
| 2026-06-24 | 290.96 | 593.74 |
| 2026-06-23 | 332.34 | 1300.85 |
Sector Performance
The Nifty Auto index led gains, while IT and Pharma sectors saw declines.
| Sector | Last |
|---|---|
| Nifty Auto | 26977.75 (+2.25%) |
| Nifty FMCG | 49419.25 (+0.68%) |
| Nifty Realty | 826.25 (+0.33%) |
| Nifty Financial Services | 26770.55 (+0.13%) |
| Nifty PSU Bank | 8636.10 (+0.09%) |
| Nifty Pharma | 24969.50 (-0.20%) |
| Nifty IT | 27330.85 (-0.86%) |
Top Movers
Interglobe Aviation (INDIGO) and Max Healthcare Institute (MAXHEALTH) were among the top Nifty 50 gainers, while ONGC and Power Grid Corporation (POWERGRID) led the losers.
Top Gainers
| Symbol | Company | Last |
|---|---|---|
| INDIGO | Interglobe Aviation Ltd. | 5450.00 (+4.66%) |
| MAXHEALTH | Max Healthcare Institute Ltd. | 1123.35 (+3.85%) |
| M&M | Mahindra & Mahindra Ltd. | 3182.20 (+3.84%) |
| MARUTI | Maruti Suzuki India Ltd. | 13745.00 (+3.75%) |
| TATACONSUM | Tata Consumer Products Ltd. | 1131.30 (+3.02%) |
Top Losers
| Symbol | Company | Last |
|---|---|---|
| ONGC | Oil & Natural Gas Corporation Ltd. | 233.10 (-2.88%) |
| POWERGRID | Power Grid Corporation Of India Ltd. | 283.90 (-2.41%) |
| HINDALCO | Hindalco Industries Ltd. | 953.20 (-2.40%) |
| TECHM | Tech Mahindra Ltd. | 1437.10 (-1.68%) |
| BEL | Bharat Electronics Ltd. | 407.20 (-1.54%) |
Global Cues
Asian markets mostly closed higher on Thursday, driven by strong technology stocks and robust earnings from chip giants. Brent crude futures dropped below $73 a barrel, reaching levels last seen before the Middle East conflict, as tanker movement through the Strait of Hormuz improved. In contrast, US markets ended mostly in the red on Wednesday, with uncertainty surrounding the US-Iran peace deal and renewed selling in semiconductor stocks.
Currency & Macro
The Indian Rupee strengthened against the US Dollar on Thursday, closing at 94.45, a gain of 10 paise from its previous close. In macroeconomic developments, India and the US reviewed progress on an interim bilateral trade agreement, aiming to deepen economic ties. The RBI Bulletin highlighted potential headwinds to India’s growth and inflation outlook from an adverse monsoon and persistent geopolitical tensions. Wholesale Price Index (WPI) inflation for May hit 9.68% under a revised series, while retail inflation surged to 3.93%, primarily due to rising food and fuel prices.
Corporate News
- Zydus Lifesciences announced a new joint venture.
- Jubilant Pharmova received tentative approval for Panto-Prazole Sodium DR.
- Indian Hotels Company opened its new Ginger hotel in Gadchiroli, Maharashtra.
- Torrent Power completed the acquisition of Nabha Power, making it a wholly-owned subsidiary.
- Embassy Developments signed an MoU with the Government of Uttar Pradesh for a proposed large-scale commercial development in Lucknow, with an investment of around ₹1,500 crore.
- Sagar Cements commissioned the balance capacity of its 1.55 MW Waste Heat Recovery Power System (WHRS) at its plant in Andhra Pradesh.
- Desco Infratech’s subsidiary commissioned Phase-1 of a 5 TPD Compressed Bio Gas Plant in Uttar Pradesh.
- Quess Corp partnered with IGS and IPA to establish an Indo-Japan GCC corridor.
- ABB India gained on its partnership with Kolkata Metro to enhance the urban transit network.
- Mahindra & Mahindra Financial Services filed multiple Business Responsibility and Sustainability Reports.
IPO Watch
Three IPOs are currently open for subscription, while several others are slated to open next week.
Open Now
- Crazy Snacks Ltd.: Open from June 25-30, with a price band of ₹39-42 per share.
- Sri Priyanka Geo Commex Ltd.: Open from June 24-29, with a price band of ₹207-212 per share.
- CSM Technologies Ltd.: Open from June 24-29, with a price band of ₹107-113 per share.
Upcoming IPOs
- Knack Packaging Ltd.: Opening July 1-3, price band ₹161-170.
- Sampark India Logistics Ltd.: Opening June 30-July 2, price band ₹80-84.
- Atharva Poly-Plast Ltd.: Opening June 30-July 2, price band ₹55-60.
- Teja Engineering Industries Ltd.: Opening June 30-July 2, price band ₹220.
- Vinit Mobile Ltd.: Opening June 30-July 2, price band ₹150-158.
Mutual Fund News
The mutual fund industry saw new offer document filings, with Invesco Mutual Fund filing for an India Silver ETF, Kotak Mutual Fund for an Infinity Active Asset Allocator Long-Short Fund, and SBI Mutual Fund for a Nifty Midcap 150 Momentum 50 ETF FOF.
Insight: Despite mixed global cues and rising domestic inflation, strong DII buying provided a crucial cushion for Indian equities, highlighting robust domestic investor confidence.
Insight: The significant FII inflows into debt markets suggest a potential shift in foreign investor strategy, possibly seeking safer havens amidst global uncertainties, even as equity flows remain positive.