Morning Brief: Nifty Rises 0.59% to 24,005; FIIs Net Sell ₹1,140 Cr, DIIs Support | 02 Jul 2026, 08:15 AM IST
By ThePip Desk
Indian equities rebounded on Wednesday, with the Nifty 50 closing at 24,005.85, driven by strong gains in realty and FMCG sectors. FIIs continued to be net sellers, while DIIs provided crucial market support.
Indian equity benchmarks staged a strong rebound on Wednesday, snapping a two-session losing streak. The Nifty 50 closed above the 24,000 mark, supported by robust buying in realty and FMCG stocks, despite ongoing foreign institutional investor outflows.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 24,005.85 (+0.59%) |
| Bank Nifty | 58,033.05 (+0.85%) |
| Nifty Midcap 100 | 62,008.80 (+0.34%) |
Institutional Flows
Foreign Institutional Investors (FIIs) remained net sellers for the third consecutive session on Wednesday, offloading equities worth ₹1,140.50 crore. Domestic Institutional Investors (DIIs), however, continued their buying spree, injecting ₹3,159.24 crore into the market, providing a crucial cushion against FII selling.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-01 | -1,140.50 | 3,159.24 |
| 2026-06-30 | -2,556.75 | 6,842.34 |
| 2026-06-29 | -1,350.10 | 2,801.45 |
| 2026-06-25 | 383.76 | 5,747.75 |
| 2026-06-24 | -1,843.40 | 3,637.26 |
Sector Performance
Realty and FMCG sectors led the gains, with Nifty Realty surging over 3.5%. Auto, PSU Bank, and Financial Services also closed in positive territory. Conversely, IT and Pharma indices registered losses.
| Sector | Last |
|---|---|
| Nifty Realty | 859.25 (+3.58%) |
| Nifty FMCG | 49,806.80 (+2.08%) |
| Nifty Auto | 26,783.20 (+1.15%) |
| Nifty PSU Bank | 8,576.60 (+0.99%) |
| Nifty Financial Services | 26,797.75 (+0.92%) |
| Nifty Pharma | 25,182.70 (-0.57%) |
| Nifty IT | 25,769.80 (-2.01%) |
Top Nifty 50 Movers
Among the Nifty 50 constituents, Eternal Ltd. and Adani Enterprises Ltd. were among the top gainers, while HCL Technologies Ltd. and Tech Mahindra Ltd. faced significant selling pressure.
Top Gainers
| Symbol | Company | Last |
|---|---|---|
| ETERNAL | Eternal Ltd. | 279.70 (+5.71%) |
| ADANIENT | Adani Enterprises Ltd. | 3,143.60 (+3.54%) |
| NESTLEIND | Nestle India Ltd. | 1,453.80 (+3.46%) |
| ASIANPAINT | Asian Paints Ltd. | 2,716.40 (+3.06%) |
| HINDUNILVR | Hindustan Unilever Ltd. | 2,182.00 (+3.01%) |
Top Losers
| Symbol | Company | Last |
|---|---|---|
| HCLTECH | HCL Technologies Ltd. | 1,034.20 (-3.51%) |
| TECHM | Tech Mahindra Ltd. | 1,362.20 (-3.03%) |
| TCS | Tata Consultancy Services Ltd. | 1,982.60 (-2.41%) |
| HINDALCO | Hindalco Industries Ltd. | 939.70 (-1.77%) |
| TATASTEEL | Tata Steel Ltd. | 185.17 (-1.54%) |
Global Cues
US markets closed higher on Tuesday, led by technology and semiconductor stocks. Asian markets traded mostly higher on Wednesday, with Japanese shares gaining as the yen slid to a fresh 40-year low against the US dollar. Investors are now awaiting US labour market data and remarks from Federal Reserve Chair Kevin Warsh for fresh insights into the Fed’s rate path.
Currency
The Indian rupee weakened against the US dollar on Wednesday.
Economy & Macro
- Gross Goods and Services Tax (GST) collections for June 2026 showed a significant increase, driven by robust import tax collections.
- Manufacturing growth in India is expected to moderate in Q1FY27 due to subdued business sentiment amid the West Asia crisis, according to a FICCI Survey.
- India’s external debt saw an increase at the end of March 2026 compared to the previous year.
- The government has extended the temporary customs duty relief on around 40 critical petrochemical imports until July 15, 2026, to ease supply uncertainties.
Corporate Announcements
- CSM Technologies Ltd.: Listing of Equity Shares on July 2, 2026.
- Prism Johnson Ltd.: Announcement regarding diversification/disinvestment.
- Dee Development Engineers Ltd: Announcement related to a preferential issue.
- Dr Reddys Laboratories: Informed about their Annual General Meeting (AGM).
- Capillary Technologies India: Announced the grant of stock options.
Company News
- Taj GVK Hotels: Received Occupancy Certificate for Taj Yelahanka in Bengaluru, expecting strong demand.
- Eicher Motors: Its motorcycle division reported a 27% growth in June sales, with models up to 350 cc seeing a 36% increase.
- Arrow Greentech: Granted a patent for Graphene Based Security Thread, valid for 20 years.
IPO Watch
Open for Subscription
- Knack Packaging Ltd.: Open from July 1-3, 2026, with a price band of ₹161-170.
- Sampark India Logistics Ltd.: Open from June 30-July 2, 2026, with a price band of ₹80-84.
- Seemax Resources Ltd.: Open from June 30-July 2, 2026, with a price band of ₹134-141.
- Atharva Poly-Plast Ltd.: Open from June 30-July 2, 2026, with a price band of ₹55-60.
- Teja Engineering Industries Ltd.: Open from June 30-July 2, 2026, with a price band of ₹220.
- Kratikal Tech Ltd.: Open from June 30-July 2, 2026, with a price band of ₹128-135.
- Vinit Mobile Ltd.: Open from June 30-July 2, 2026, with a price band of ₹150-158.
Upcoming IPOs
- IC Electricals Company Ltd.: Opening on July 3, 2026, with a price band of ₹94-99.
Recently Listed
- CSM Technologies Ltd.: Listing on July 2, 2026.
- Advit Jewels Ltd.: Listed on July 1, 2026, at ₹187, a gain of +35.51% over its issue price of ₹138.
- Waterways Leisure Tourism Ltd.: Listed on July 1, 2026, at ₹690, a loss of -14.60% from its issue price of ₹808.
- Jivial Industries Ltd.: Listed on July 1, 2026, at ₹156.80, a loss of -20.00% from its issue price of ₹196.
- Riyaasat Lifestyle Ltd.: Listed on July 1, 2026, at ₹84.80, a loss of -19.99% from its issue price of ₹106.