Morning Brief: Nifty Edges Up 0.14% to 24,056; DIIs Net Buy ₹5,747 Cr, Auto Sector Leads Gains | 29 Jun 2026, 08:15 AM IST
By Sivam
Indian equities saw a marginal uptick, with the Nifty 50 closing at 24,056. Domestic institutions were net buyers, while the auto sector outperformed, amidst ongoing trade talks and RBI’s cautious outlook.
Indian markets concluded the previous session with a marginal gain, as the Nifty 50 advanced by +0.14% to settle at 24,056. The session saw robust buying from Domestic Institutional Investors (DIIs), who were net purchasers of ₹5,747.75 crore, offsetting a modest FII net inflow. The auto sector led the charge, while IT stocks faced headwinds.
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) demonstrated strong buying interest in the last session, with a net inflow of ₹5,747.75 crore. Foreign Institutional Investors (FIIs) also recorded a net buy of ₹383.76 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 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, equity markets saw a net investment of ₹1,298.21 crore, while debt markets attracted a significant ₹8,847.47 crore on June 25.
| Date | FII Equity Net (₹ Cr) | FII 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 was the standout performer, surging +2.25%, followed by Nifty FMCG and Nifty Realty. Conversely, Nifty IT and Nifty Pharma experienced declines.
| Sector | Last |
|---|---|
| Nifty Auto | 26,977.75 (+2.25%) |
| Nifty FMCG | 49,419.25 (+0.68%) |
| Nifty Realty | 826.25 (+0.33%) |
| Nifty Financial Services | 26,770.55 (+0.13%) |
| Nifty PSU Bank | 8,636.10 (+0.09%) |
| Nifty Pharma | 24,969.50 (-0.20%) |
| Nifty IT | 27,330.85 (-0.86%) |
Top Movers
Among the Nifty 50, Interglobe Aviation (INDIGO) and Max Healthcare Institute (MAXHEALTH) were among the top gainers, while Oil & Natural Gas Corporation (ONGC) and Power Grid Corporation (POWERGRID) were notable losers.
Top Gainers
| Symbol | Company | Last |
|---|---|---|
| INDIGO | Interglobe Aviation Ltd. | 5,450.00 (+4.66%) |
| MAXHEALTH | Max Healthcare Institute Ltd. | 1,123.35 (+3.85%) |
| M&M | Mahindra & Mahindra Ltd. | 3,182.20 (+3.84%) |
| MARUTI | Maruti Suzuki India Ltd. | 13,745.00 (+3.75%) |
| TATACONSUM | Tata Consumer Products Ltd. | 1,131.30 (+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. | 1,437.10 (-1.68%) |
| BEL | Bharat Electronics Ltd. | 407.20 (-1.54%) |
Global Cues & Economy
High-level trade talks between India and the US are progressing, with both nations reviewing an interim bilateral trade agreement ahead of a July 24 tariff deadline. Meanwhile, the Reserve Bank of India (RBI) has highlighted potential headwinds to domestic growth and inflation from an adverse south-west monsoon and persistent geopolitical tensions, despite a recent interim peace agreement in West Asia. RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring the West Asia situation and that discussions on interest rate hikes are premature at this stage. Separately, the RBI noted that sales growth for listed private non-financial firms returned to double digits in FY26, driven by the manufacturing sector.
IPO Watch
Today marks the opening of several Initial Public Offerings (IPOs) for subscription:
- Aastha Spintex Ltd.: Price band ₹125-136, closing July 1.
- Twinkle Papers Ltd.: Price band ₹64-69, closing July 1.
- Adon Agro Commodities Ltd.: Price band ₹66-70, closing July 1.
Other IPOs currently open include Crazy Snacks Ltd. (closing June 30), Sri Priyanka Geo Commex Ltd. (closing June 29), and CSM Technologies Ltd. (closing June 29).
Recently listed IPOs include Turtlemint Fintech Solutions Ltd. (listed June 26) and Avience Biomedicals Ltd. (listed June 25).
Corporate & Company News
Several companies made announcements or were in the news:
- Indian Hotels Company opened its Ginger Gadchiroli hotel in Maharashtra.
- Torrent Power completed the acquisition of Nabha Power, making it a wholly-owned subsidiary.
- QGO Finance successfully raised ₹1 crore via Non-Convertible Debentures (NCDs) with a 9-year tenure.
- Standard Engineering Technology Ltd. released an addendum to its investor presentation regarding the proposed acquisition of Gscale Energy Private Limited.
- Persistent Systems Ltd. submitted investor FAQs.
- TBO Tek Ltd. released an investor presentation.
Mutual Fund News
The mutual fund industry saw new offer documents filed:
- Invesco Mutual Fund filed for an India Silver ETF.
- Kotak Mutual Fund filed for an Infinity Active Asset Allocator Long-Short Fund.
- SBI Mutual Fund filed for a Nifty Midcap 150 Momentum 50 ETF FOF.
Despite global uncertainties and a cautious RBI outlook, DIIs continue to show strong conviction in Indian equities, providing a crucial domestic anchor for market stability.