Morning Brief: Nifty Rises 0.28% to 24,317; FIIs Net Buy ₹3,623 Cr, Auto Sector Leads Gains | 31 Jul 2026, 08:16 AM IST
By ThePip DeskIndian equity benchmarks ended higher, with Nifty at 24,317.15, driven by robust FII inflows and strong performance in the auto sector. Global cues remained mixed.
Indian equity benchmarks closed higher on Thursday, with the Nifty 50 advancing for the session, supported by foreign fund inflows and a strong showing from the auto sector.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,317.15 (+0.28%) |
| Nifty Bank | 57,147.50 (-0.10%) |
| NIFTY Midcap 100 | 62,641.75 (-0.35%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net buyers in the equity market, injecting substantial capital, while Domestic Institutional Investors (DIIs) recorded net selling.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 30 Jul | 3,623.51 | -1,864.03 |
| 29 Jul | 2,981.87 | 998.02 |
| 28 Jul | 755.33 | 1,664.16 |
| 27 Jul | -1,688.23 | 2,329.14 |
| 24 Jul | -3,892.77 | 5,453.55 |
Breaking down the FII activity, equity saw significant inflows, while debt markets experienced outflows.
| Date | Equity Net (₹ Cr) | Debt Net (₹ Cr) |
|---|---|---|
| 30 Jul | 5,799.19 | -240.29 |
| 29 Jul | -563.65 | -917.93 |
| 28 Jul | -1,341.29 | 1,243.49 |
Sector Performance
The Auto sector led the gains, while Realty was the top laggard among major indices.
| Sector | Last |
|---|---|
| Nifty Auto | 28,279.10 (+1.63%) |
| Nifty IT | 31,194.55 (+0.23%) |
| Nifty PSU Bank | 8,327.65 (+0.13%) |
| Nifty FMCG | 49,642.05 (-0.10%) |
| Nifty Pharma | 26,346.05 (-0.10%) |
| Nifty Financial Services | 26,251.25 (-0.14%) |
| Nifty Realty | 899.50 (-2.06%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| Gainers | ||
| HEROMOTOCO | Hero MotoCorp Ltd. | 5,325.00 (+3.42%) |
| M&M | Mahindra & Mahindra Ltd. | 3,283.70 (+1.92%) |
| COALINDIA | Coal India Ltd. | 417.20 (+1.74%) |
| MARUTI | Maruti Suzuki India Ltd. | 14,188.00 (+1.72%) |
| EICHERMOT | Eicher Motors Ltd. | 7,912.50 (+1.72%) |
| Symbol | Company | Last |
|---|---|---|
| Losers | ||
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 1,664.10 (-3.23%) |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 545.40 (-2.03%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1,027.20 (-1.68%) |
| ULTRACEMCO | Ultratech Cement Ltd. | 11,847.00 (-1.26%) |
| JIOFIN | JIO Financial Services Ltd. | 246.95 (-1.01%) |
Global Cues
Global markets presented a mixed picture, with US markets closing lower on Wednesday amid renewed fighting in the Middle East and rising oil prices. The Federal Reserve maintained its federal funds rate for the fifth consecutive meeting. Asian markets traded mixed on Thursday, with Chinese shares declining due to valuation concerns in technology sectors, while investors awaited US PCE price data for inflation insights.
Currency & Bond Markets
The Indian rupee strengthened against the US dollar, ending the session at 95.65, up 11 paise from its previous close. In the bond market, yields on the new 10-year Government Stock edged higher, trading at 6.81%, an increase of 02 basis points.
Economy & Policy
India’s Commerce and Industry Minister Piyush Goyal expressed optimism about the early enforcement of the India-US bilateral trade agreement, emphasizing India’s comparative advantage. Separately, the government’s decision to impose import restrictions on low-priced Suspension Grade Polyvinyl Chloride (S-PVC) resin is expected to impact foreign suppliers and potentially push up domestic PVC prices.
Corporate & Earnings News
- Mahindra & Mahindra: Reported a 34% rise in Q1 consolidated net profit, with total consolidated income increasing by 27.47% at ₹59,203.60 crore for Q1FY27.
- Bajaj Finance: Announced a 27% rise in Q1 consolidated net profit, as total consolidated income grew by 19.56% at ₹23,166.42 crore for Q1FY27.
- Infosys Finacle: Its digital banking solution suite was selected by Investec to modernize banking operations, migrating from legacy platforms.
- RPG Life Sciences: Executed a Business Transfer Agreement for its Active Pharmaceutical Ingredients (API) business to a wholly-owned subsidiary.
- Power Grid Corporation of India: Acquired Bhadla Ramgarh Power Transmission, a project SPV, after being selected as the successful bidder.
- Data Patterns (India) Ltd.: Issued an investor presentation.
- RBL Bank Ltd.: Announced an update on its credit rating.
IPO Watch
Several Initial Public Offerings are currently open or set to open for subscription, offering new investment opportunities.
- GV Electricals Ltd.: Opens July 31, 2026, closes August 04, 2026, with a price band of ₹123-130.
- Fusion Klassroom Edutech Ltd.: Opens July 31, 2026, closes August 04, 2026, with a price band of ₹151-159.
- MV Electrosystems Ltd.: Opened July 30, 2026, closes August 03, 2026, with a price band of ₹400-425.
- Oneindig Technologies Ltd.: Opened July 30, 2026, closes August 03, 2026, with a price band of ₹91-96.
- Dhaval Packaging Ltd.: Opened July 30, 2026, closes August 03, 2026, with a price band of ₹92-97.
- Juniper Green Energy Ltd.: Opened July 30, 2026, closes August 03, 2026, with a price band of ₹214-225.
- Manipal Health Enterprises Ltd.: Opened July 29, 2026, closes July 31, 2026, with a price band of ₹560-590.
- H. R. Hygiene Products Ltd.: Opened July 29, 2026, closes July 31, 2026, with a price band of ₹83-88.
Mutual Fund News
DSP Mutual Fund has filed an offer document for a Financial Services Sectoral Debt Fund. Additionally, ICICI Prudential Mutual Fund has declared IDCW under its Arbitrage Fund and Multi-Asset Fund.
The Nifty’s upward momentum was significantly bolstered by FIIs, whose net equity purchases exceeded ₹5,700 crore, indicating strong foreign investor confidence despite mixed global signals.
With the auto sector leading gains and several IPOs opening, Friday’s session presents a dynamic landscape for your portfolio, balancing domestic strength against evolving global economic and geopolitical factors.