Morning Brief: Nifty Rises 0.96% to 23,995; IT, Realty Lead Gains as FIIs Net Sell ₹1,688 Cr | 28 Jul 2026, 08:15 AM IST
By ThePip Desk
Nifty 50 closed at 23,995.95, up 0.96%, snapping a five-day losing streak. IT and Realty led gains, supported by easing global tensions and falling crude. FIIs were net sellers.
Indian equity benchmarks witnessed a strong rebound on Monday, snapping a five-session losing streak. The market rally was fueled by supportive global cues and a sharp drop in crude oil prices following reports of easing geopolitical tensions in the Middle East. Broad-based buying across sectors, particularly in IT stocks, contributed to the positive sentiment.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,995.95 (+0.96%) |
| Nifty Bank | 57,087.20 (+0.69%) |
| Nifty Midcap 100 | 62,303.65 (+1.11%) |
Institutional Flows
Foreign Institutional Investors (FIIs) remained net sellers in the equity market, offloading ₹1,688.23 crore on Monday. Domestic Institutional Investors (DIIs), however, provided strong support, with net purchases of ₹2,329.14 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-07-27 | -1,688.23 | 2,329.14 |
| 2026-07-24 | -3,892.77 | 5,453.55 |
| 2026-07-23 | -2,999.23 | 2,947.14 |
| 2026-07-22 | -819.20 | -418.26 |
| 2026-07-21 | 1,650.16 | -656.88 |
Looking at SEBI data, FIIs were net sellers in equities by ₹3,428.15 crore on July 27, while also divesting ₹1,980.16 crore from the debt market.
Sector Performance
| Sector | Last |
|---|---|
| Nifty IT | 29,441.90 (+2.34%) |
| Nifty Realty | 901.90 (+2.28%) |
| Nifty Auto | 27,653.40 (+1.60%) |
| Nifty Pharma | 25,945.75 (+1.56%) |
| Nifty FMCG | 49,564.80 (+1.04%) |
| Nifty Financial Services | 26,126.15 (+0.83%) |
| Nifty PSU Bank | 8,364.15 (+0.22%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| ETERNAL | Eternal Ltd. | 295.85 (+5.66%) |
| INDIGO | Interglobe Aviation Ltd. | 5,230.00 (+4.91%) |
| INFY | Infosys Ltd. | 1,079.20 (+3.68%) |
| BAJFINANCE | Bajaj Finance Ltd. | 1,048.30 (+3.51%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1,038.20 (+3.29%) |
| Symbol | Company | Last |
|---|---|---|
| ONGC | Oil & Natural Gas Corporation Ltd. | 238.56 (-4.10%) |
| HDFCBANK | HDFC Bank Ltd. | 739.55 (-0.44%) |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 552.85 (-0.40%) |
| CIPLA | Cipla Ltd. | 1,409.40 (-0.09%) |
| DRREDDY | Dr. Reddy’s Laboratories Ltd. | 1,150.80 (-0.08%) |
Global Cues
Asian markets mostly settled higher on Monday, buoyed by a pause in Middle East hostilities which led to lower oil prices and boosted investor confidence. This comes ahead of crucial central bank meetings by the US Federal Reserve, Bank of England, and Bank of Japan this week. Chinese shares surged, with CXMT, a major memory chip maker, soaring nearly 500% on its Shanghai debut.
Currency & Macro
The rupee strengthened against the US dollar, ending at 95.97, up 56 paise from its previous close, largely due to plummeting Brent crude oil prices. On the economic front, the India-UK Free Trade Agreement (FTA), which came into force on July 15, 2026, is expected to significantly boost India’s exports to the UK to $115 billion by 2030 and generate 700,000 to 1 million new employment opportunities. The Department for Promotion of Industry and Internal Trade (DPIIT) has also permitted Foreign Direct Investment (FDI) in an inventory-based model of e-commerce exclusively for export purposes, aiming to enhance outbound shipments. Meanwhile, the Reserve Bank of India (RBI) was a net seller of $6.104 billion in the spot foreign exchange market in May amidst pressure on the Indian rupee.
Bond Markets
Bond yields traded lower on Monday, with yields on the new 10-year Government Stock falling 6 basis points to 6.76% from its previous close of 6.82%.
Corporate Actions & News
- Om Infra Ltd.: Received an order.
- Tata Power Company: Board approved raising up to ₹4,500 crore.
- HUDCO: Reported a 35% rise in net profit for Q1FY27, with total income increasing by 26.89% to ₹3,737.49 crore.
- Jeena Sikho Lifecare: Launched four new Ayurvedic pain relief products.
IPO Watch
The IPO market remains active with several issues currently open or opening soon:
Open Now:
- Poojaa Precision Engg Ltd.: Opens July 28, closes July 30. Price band ₹285-301.
- Propshop Events And Exhibitions Ltd.: Opened July 27, closes July 29. Price band ₹65-69.
- Advance Technoforge Ltd.: Opened July 27, closes July 29. Price band ₹95.
- Silverstorm Parks And Resorts Ltd.: Opened July 24, closes July 28. Price band ₹123-133.
Upcoming:
- Fusion Klassroom Edutech Ltd.: Opens July 31, closes August 4. Price band ₹151-159.
- GV Electricals Ltd.: Opens July 31, closes August 4. Price band ₹123-130.
- MV Electrosystems Ltd.: Opens July 30, closes August 3. Price band ₹400-425.
- Dhaval Packaging Ltd.: Opens July 30, closes August 3. Price band ₹92-97.
- Oneindig Technologies Ltd.: Opens July 30, closes August 3. Price band ₹91-96.
- Manipal Health Enterprises Ltd.: Opens July 29, closes July 31. Price band ₹560-590.
- H. R. Hygiene Products Ltd.: Opens July 29, closes July 31. Price band ₹83-88.
The market’s sharp rebound, especially in IT and Realty, signals renewed investor confidence driven by global stability and falling crude prices. Keep an eye on how these trends influence your sector-specific holdings.
Despite FII outflows, strong DII buying and positive global cues provided crucial support, highlighting the domestic market’s resilience. This dynamic could continue to shape your portfolio’s near-term performance.