Morning Brief: Nifty Rises 0.34% to 24,168; DIIs Net Buy ₹3,516 Cr as Markets Extend Gains | 19 Jun 2026, 08:15 AM IST
By Sivam
Indian equities closed higher for the fifth straight session, with the Nifty 50 gaining 0.34% to 24,168, largely supported by robust domestic institutional buying of ₹3,516 crore.
Indian equity benchmarks extended their gains for the fifth consecutive trading session on Thursday, with the Nifty 50 closing at 24,168.00. Domestic Institutional Investors (DIIs) were significant net buyers, infusing ₹3,516.81 crore into the market, offsetting Foreign Institutional Investors (FIIs) net selling of ₹1,025.20 crore.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,168.00 (+0.34%) |
| Nifty Bank | 57,963.80 (+0.66%) |
| NIFTY Midcap 100 | 62,379.25 (+0.41%) |
Institutional Flows
Domestic Institutional Investors (DIIs) showed strong buying interest on Thursday, with net inflows of ₹3,516.81 crore. This countered the net outflow of ₹1,025.20 crore from Foreign Institutional Investors (FIIs) on the same day. Over the past five sessions, DIIs have been consistent net buyers, while FII activity has been mixed.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-06-18 | -1,025.20 | 3,516.81 |
| 2026-06-17 | 101.59 | 1,561.40 |
| 2026-06-16 | -749.18 | 0.06 |
| 2026-06-15 | 200.05 | 3,189.26 |
| 2026-06-12 | -1,082.18 | 5,341.29 |
SEBI data indicates FIIs were net buyers in equities by ₹886.08 crore and in debt by ₹1,823.40 crore on June 18, 2026, suggesting a preference for debt over equity on a gross basis.
| Date | FII Equity Net (₹ Cr) | FII Debt Net (₹ Cr) |
|---|---|---|
| 2026-06-18 | 886.08 | 1,823.40 |
| 2026-06-17 | 2,885.14 | 3,638.82 |
| 2026-06-16 | 1,014.12 | 2,507.57 |
Sectoral Performance
Nifty Realty led the sectoral gains on Thursday, followed by Financial Services and PSU Banks. The IT sector, however, saw declines.
| Sector | Last |
|---|---|
| Nifty Realty | 820.20 (+0.69%) |
| Nifty Financial Services | 26,581.95 (+0.67%) |
| Nifty PSU Bank | 8,770.70 (+0.66%) |
| Nifty Pharma | 24,282.20 (+0.56%) |
| Nifty FMCG | 49,654.50 (+0.20%) |
| Nifty Auto | 26,746.40 (+0.08%) |
| Nifty IT | 28,466.45 (-1.19%) |
Top Movers
Gainers
| Symbol | Company | Last |
|---|---|---|
| MAXHEALTH | Max Healthcare Institute Ltd. | 1,090.45 (+6.27%) |
| INDIGO | Interglobe Aviation Ltd. | 5,011.80 (+2.73%) |
| TRENT | Trent Ltd. | 3,179.70 (+2.48%) |
| BEL | Bharat Electronics Ltd. | 428.60 (+2.08%) |
| ADANIENT | Adani Enterprises Ltd. | 3,013.40 (+2.08%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| INFY | Infosys Ltd. | 1,127.50 (-2.61%) |
| TATACONSUM | Tata Consumer Products Ltd. | 1,111.40 (-1.16%) |
| MARUTI | Maruti Suzuki India Ltd. | 13,484.00 (-1.07%) |
| TECHM | Tech Mahindra Ltd. | 1,447.70 (-1.01%) |
| TCS | Tata Consultancy Services Ltd. | 2,203.30 (-0.89%) |
Global Cues
US markets closed in the red on Wednesday after the Federal Fed hinted at a possible rate hike later this year, despite a robust 0.9% month-over-month increase in retail sales in May 2026. Conversely, Asian markets mostly settled higher on Thursday, with South Korea’s Kospi and Japan’s Nikkei 225 reaching new record highs. Brent crude prices declined below $79 per barrel amid signs of easing geopolitical tensions following reports of a US-Iran peace agreement.
Economy & Macro
Significant developments on the economic front include:
- The India-UK free trade pact is set to formally enter into force on July 15, 2026, aiming to double two-way commerce to $100 billion by 2030.
- India and Canada are working to finalize a free trade agreement by the end of 2026.
- Finance Minister Nirmala Sitharaman indicated that additional measures are in the pipeline to attract more foreign investment into Indian markets.
- India’s electronics production has reached approximately ₹13 lakh crore, with a focus on making it the country’s second-largest export category.
- Crisil has projected a 10-15% decline in domestic airlines’ operating profit for FY26, primarily due to elevated aviation turbine fuel prices and airspace restrictions from the West Asia conflict.
Inflation Update
May 2026 saw wholesale price index (WPI) inflation surge to 9.68% under a revised series, driven by higher food and fuel prices. Retail inflation, measured by the Consumer Price Index (CPI), also rose to 3.93% in May, up from 3.48% in April, primarily due to increasing food and fuel costs.
Currency & Bonds
The Indian rupee strengthened against the US dollar on Thursday, closing at 94.41, up 9 paise from its previous close of 94.50. Bond yields also traded lower, with yields on new 10-year Government Stock down 03 basis points at 6.83% from its previous close of 6.86%.
Corporate Announcements
- Novartis India Ltd. provided updates on its Open Offer.
- Jubilant Pharmova Ltd. announced the completion of a USFDA inspection.
- PB Fintech Ltd. reported changes in its Directorate and a cessation.
- GE Power India Ltd. issued notices regarding an NCLT convened meeting of equity shareholders and unsecured creditors.
- Elpro International Ltd. announced an acquisition.
Company News
- Hiliks Technologies secured a subcontract order worth ₹95.51 crore, to be executed within 24 months.
- B.R.Goyal Infrastructure bagged an order worth ₹13.05 crore for civil and construction work in Ratlam, Madhya Pradesh.
- Bharat Forge’s arm signed a strategic partnership with AM General, with a proposal to participate in the U.S. Army MTC program.
IPO Watch
Open Now
- Anubhav Plast Ltd.: Open June 19-23, price band ₹77-80.
- Turtlemint Fintech Solutions Ltd.: Open June 19-23, price band ₹144-152.
- Riyaasat Lifestyle Ltd.: Open June 18-22, price band ₹102-108.
- Avience Biomedicals Ltd.: Open June 18-22, price band ₹196-208.
- Liotech Industries Ltd.: Open June 17-19, price band ₹321.
- Diksha Polymers Ltd.: Open June 17-19, price band ₹112.
- Clay Craft India Ltd.: Open June 17-19, price band ₹193-203.
- Leapfrog Engineering Services Ltd.: Open June 17-19, price band ₹21-23.
Upcoming
- Dhanwel Hybrid Seeds Ltd.: Opening June 24, price band ₹95-99.
- CSM Technologies Ltd.: Opening June 24, price band ₹107-113.
- Waterways Leisure Tourism Ltd.: Opening June 23, price band ₹769-808.
- Shreedhar Spinners Ltd: Opening June 23, price band ₹50-53.
- Advit Jewels Ltd.: Opening June 23, price band ₹130-138.
The resilience of Indian markets, despite mixed global cues and FII selling, continues to be underpinned by robust domestic institutional support.
Your portfolio should note the ongoing strength in Realty and Financial Services sectors, while IT faces headwinds.