Morning Brief: Nifty Rises 0.11% to 24,078; FIIs Net Sell ₹735 Cr as DIIs Support Market | 16 Jul 2026, 08:15 AM IST
By ThePip Desk
Indian benchmark indices closed marginally higher on Wednesday, with the Nifty 50 gaining 0.11% to 24,078.50. Domestic institutional buying helped offset foreign outflows amid mixed global cues.
Indian equity benchmarks concluded Wednesday’s session with marginal gains, as buying from domestic institutional investors (DIIs) largely counteracted persistent foreign institutional investor (FII) outflows. The Nifty 50 advanced 0.11% to settle at 24,078.50, reflecting a cautious sentiment influenced by geopolitical tensions in the Middle East, despite positive signals from softer-than-expected US inflation data.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,078.50 (+0.11%) |
| Nifty Bank | 57,757.85 (+0.51%) |
| NIFTY Midcap 100 | 62,943.20 (+0.28%) |
Institutional Flows
Foreign Institutional Investors (FIIs) remained net sellers on July 15, pulling out ₹735.83 crore from the Indian equity market. This marks a continuation of the selling trend observed in recent sessions, with FIIs also net selling ₹739.69 crore on July 14 and a significant ₹3,062.27 crore on July 13. However, Domestic Institutional Investors (DIIs) provided crucial support, recording net purchases of ₹704.93 crore on July 15.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-15 | -735.83 | 704.93 |
| 2026-07-14 | -739.69 | 2927.71 |
| 2026-07-13 | -3062.27 | 2171.70 |
| 2026-07-10 | 2603.72 | 2019.68 |
| 2026-07-09 | -532.86 | 2057.79 |
A closer look at SEBI FII/FPI data reveals that on July 15, FIIs recorded net equity sales of ₹233.91 crore, while making net debt investments of ₹297.20 crore. This contrasts with July 13, which saw FIIs as net buyers in both equity (₹3,157.06 crore) and debt (₹676.06 crore).
Top Movers
Gainers
| Symbol | Company | Last |
|---|---|---|
| ETERNAL | Eternal Ltd. | 294.80 (+3.02%) |
| ULTRACEMCO | Ultratech Cement Ltd. | 11812.00 (+2.75%) |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 568.75 (+2.44%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1033.80 (+1.96%) |
| EICHERMOT | Eicher Motors Ltd. | 7404.50 (+1.72%) |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 10323.00 (+1.54%) |
| BAJFINANCE | Bajaj Finance Ltd. | 1021.30 (+1.46%) |
| SBIN | State Bank Of India | 1030.10 (+1.45%) |
| SBILIFE | SBI Life Insurance Company Ltd. | 1866.40 (+1.42%) |
| INDIGO | Interglobe Aviation Ltd. | 5171.00 (+1.23%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| POWERGRID | Power Grid Corporation Of India Ltd. | 280.70 (-1.90%) |
| HINDALCO | Hindalco Industries Ltd. | 955.80 (-1.90%) |
| LT | Larsen & Toubro Ltd. | 3783.90 (-1.68%) |
| JSWSTEEL | JSW Steel Ltd. | 1226.90 (-1.67%) |
| TATASTEEL | Tata Steel Ltd. | 185.26 (-1.60%) |
| INFY | Infosys Ltd. | 1076.30 (-1.52%) |
| WIPRO | Wipro Ltd. | 174.65 (-1.41%) |
| DRREDDY | Dr. Reddy’s Laboratories Ltd. | 1229.50 (-1.34%) |
| ADANIENT | Adani Enterprises Ltd. | 3150.60 (-1.20%) |
| TATACONSUM | Tata Consumer Products Ltd. | 1085.50 (-1.10%) |
Global Cues
Asian markets largely settled higher on Wednesday, tracking overnight gains on Wall Street. This positive sentiment was buoyed by softer-than-expected US inflation data, which eased concerns about aggressive interest rate hikes by the Federal Reserve. South Korea’s Kospi surged over 6%, led by strong performances in semiconductor stocks like SK Hynix and Samsung Electronics. However, overall gains were tempered by weaker-than-expected China GDP data and ongoing geopolitical tensions between the United States and Iran. US markets had closed higher on Tuesday after a Labor Department report indicated consumer prices fell more significantly than anticipated in June.
Currency & Bonds
The Indian rupee weakened against the US dollar on Wednesday, closing provisionally at 96.32, a depreciation of 16 paise from its previous close of 96.16 on Tuesday. In the bond market, yields on the new 10-year Government Stock traded 02 basis points lower at 6.77%, down from 6.79% on Tuesday.
Economy & Macro
- India and the UK are set to implement the Comprehensive Economic and Trade Agreement (CETA) from July 15, aiming to boost bilateral trade to $100 billion by 2030.
- India’s net direct tax collection surged 16.4% to over ₹6.51 lakh crore until July 13 of the current financial year (FY27).
- External commercial borrowings (ECBs) by Indian companies reached $4.74 billion in May, up from $3.77 billion in April 2026.
- Domestic passenger vehicle dispatches from companies to dealers rose 24.1% year-on-year in June 2026, with total two-wheeler sales increasing by 18.6%.
- India’s wholesale inflation remained elevated at 9.87% in June, while retail inflation jumped to 4.38% in the same month, primarily due to higher food prices.
Corporate & Earnings
- Adani Power: Signed a long-term power supply agreement with MSEDCL for 1600 MW from a new 2×800 MW thermal power plant.
- Monarch Surveyors: Secured a work order worth ₹4.36 crore.
- Indiqube Spaces: Added a new property in Noida, capitalizing on the emerging office market in the Noida Expressway corridor.
- L&T Technology Services (LTTS): Partnered with Anthropic to integrate Claude models across engineering processes, accelerating Engineering Intelligence.
- KEC International: Secured new orders totaling ₹1,180 crore across various businesses.
- Listings: Laser Power & Infra Ltd. and Devson Catalyst Ltd. saw their equity shares listed.
- Earnings: Jindal Saw, Tata Elxsi, and Sulabh Engineers reported their quarterly results.
IPO Watch
Today marks the opening of Sotefin Bharat Ltd.’s IPO, with a price band of ₹178-187 per share, closing on July 20. Meanwhile, Millworks Technologies Ltd. (₹315-331), SBI Funds Management Ltd. (₹545-574), and Alpine Texworld Ltd. (₹100-105) IPOs are set to close today, having opened on July 14.
Looking ahead, Caliber Mining and Logistics Ltd. will open its IPO on July 17 (₹402-424, closing July 21), followed by Gulf Lloyds (India) Ltd. on July 20 (₹10, closing July 22), and Cube Highways Trust on July 22 (₹151-152, closing July 24).