Morning Brief: Nifty Rises 0.10% to 23,897; DIIs Net Buy ₹8,930 Cr as FIIs Sell | 07 Sept 2026, 08:15 AM IST
By ThePip Desk
Nifty 50 closes at 23,897 as domestic institutions provide support. Banking sector leads gains while IT and Auto face selling pressure.
The Indian equity markets ended the session on a positive note, with the Nifty 50 index closing at 23,897.7, marking a gain of +0.10%. Domestic institutional support remained a key pillar for the market as foreign investors continued to offload equities.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,897.7 (+0.10%) |
| Nifty Bank | 57,369.65 (-0.02%) |
| Nifty Midcap 100 | 63,079.05 (-0.25%) |
Institutional Flows
Domestic institutional investors (DIIs) remained net buyers, providing significant support to the market, while foreign institutional investors (FIIs) continued to net sell for the second consecutive session.
| Date | FII Net | DII Net |
|---|---|---|
| 2026-09-04 | -3,111.94 | 8,930.12 |
| 2026-09-03 | -2,345.87 | 4,977.46 |
| 2026-09-02 | 6,688.37 | 2,812.98 |
Sector Performance
| Sector | Last |
|---|---|
| Nifty Financial Services | 26,051 (+0.49%) |
| Nifty FMCG | 45,892.75 (-0.14%) |
| Nifty PSU Bank | 8,514.85 (-0.44%) |
| Nifty Auto | 27,710.9 (-0.45%) |
| Nifty IT | 30,695.15 (-0.47%) |
| Nifty Pharma | 26,478.1 (-0.68%) |
| Nifty Realty | 907.9 (-0.90%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| SBILIFE | SBI Life Insurance | 1,775 (+3.50%) |
| TATASTEEL | Tata Steel | 188.79 (+2.49%) |
| HCLTECH | HCL Technologies | 1,293.4 (-1.94%) |
| BHARTIARTL | Bharti Airtel | 1,840 (-1.55%) |
Macro and Policy Updates
The Indian economy continues to show resilience, with Finance Minister Nirmala Sitharaman highlighting a growth of 7.8 per cent in Q1FY27. Key developments include:
- Liquidity Surplus: Banking system liquidity reached a record high of Rs 9.71 lakh crore as of September 2, boosted by FCNR (B) scheme inflows.
- Trade Pacts: Union Commerce and Industry Minister Piyush Goyal emphasized that preferential tariff terms are essential for finalizing the India-US trade agreement.
- Current Account: The current account deficit widened to $4.2 billion in Q1FY27, according to RBI data.
Corporate News
- Marine Electricals: Secured new orders valued at Rs 80.77 crore.
- Brigade Group: Launched the Brigade Barcelona residential project in Hyderabad with an estimated revenue potential of Rs 2,700 crore.
- Nava: Announced a temporary shutdown of one IPP unit in Odisha for approximately 55 to 60 days.
IPO Watch
Several companies are moving forward with their public issue plans:
- Apana Logistics: IPO to raise Rs 34.14 crore, opening September 07.
- Pranav Constructions: IPO to raise up to Rs 367 crore, opening September 07.
- Qualiance International: IPO to raise up to Rs 45.11 crore, currently open.
The banking system’s record liquidity surplus of Rs 9.71 lakh crore underscores the current strength of capital inflows, providing a robust buffer for the domestic financial system.