Opening Bell: Nifty 50 Opens Lower at 23971.90 Amid Continued FII Outflows | 28 Jul 2026, 09:25 AM IST

The Nifty 50 commenced trade for Tuesday, July 28, 2026, with a modest gap-down, opening at 23971.90. This marks a decline of 24 points, or 0.10%, from its previous close of 23995.95. Early minutes of trade show the benchmark index attempting to consolidate around the opening levels.

Market Breadth and Key Movers

Market breadth data in the Nifty 50 remains largely unestablished in the initial moments of trading, with both advances and declines currently at zero. However, individual stock movements provide an early indication of sector-specific activity.

Among the top gainers at the open are Cipla Ltd. (+0.40%), trading at ₹1415, Kotak Mahindra Bank Ltd. (+0.35%) at ₹386, and JSW Steel Ltd. (+0.35%) at ₹1248.9. Bajaj Finserv Ltd. (+0.33%) and Grasim Industries Ltd. (+0.24%) also show early strength.

Conversely, Power Grid Corporation Of India Ltd. leads the losers, down 0.31% at ₹287.95, followed by NTPC Ltd. (−0.24%) at ₹349.95. Eicher Motors Ltd. (−0.15%), Adani Ports and Special Economic Zone Ltd. (−0.15%), and Coal India Ltd. (−0.12%) are also trading in the red.

FII/DII Activity

Foreign Institutional Investors (FIIs) continued their selling trend for a second consecutive session, offloading equities worth ₹1688.23 crore on July 27. This consistent FII outflow, which also saw FIIs net selling ₹3892.77 crore on July 24, suggests a prevailing cautious stance among foreign participants. In contrast, Domestic Institutional Investors (DIIs) remained net buyers, injecting ₹2329.14 crore into the market on July 27, following a robust purchase of ₹5453.55 crore on July 24, providing a crucial counter-balance to the FII selling pressure.

Nifty 50 at Open

Index	Open (Points)	Change (vs. Prev Close)	Change (%)
Nifty 50	23971.90	−24	−0.10%

Investors will be closely watching for clearer market breadth signals and any sustained directional moves in the benchmark index over the next 30 minutes of trade.