Opening Bell: Nifty 50 Opens Strong at 24388.70, Gains 213 Points on Early Buying | 03 Jul 2026, 09:25 AM IST
By ThePip Desk
The Nifty 50 opens with a significant gap-up, trading at 24388.70, up 0.88% in early Friday trade. Domestic institutional buying continues to provide support, offsetting recent FII outflows.
The Indian equity market begins Friday’s session with a strong positive bias, as the Nifty 50 opens significantly higher. At 9:15 AM IST, the benchmark index trades at 24388.70, marking a +213 point gain, or +0.88%, compared to its previous close of 24175.70. This robust opening indicates early buying interest across key counters.
| Index | Open | Change (vs Prev Close) | % Change |
|---|---|---|---|
| Nifty 50 | 24388.70 | +213 pts | +0.88% |
Market breadth in the Nifty 50 shows zero advances and zero declines in the initial moments of trade, reflecting a concentrated opening impact rather than broad participation across all constituents immediately after the bell. However, individual stock movements highlight specific sector activity.
Top Movers at the Open
Among the Nifty 50 constituents, Tata Steel Ltd. (TATASTEEL) leads the gainers, trading at ₹188.5 with a +0.44% increase. Mahindra & Mahindra Ltd. (M&M) follows, up +0.37% at ₹3187. Other notable gainers include Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) at ₹8724.5, up +0.33%, HCL Technologies Ltd. (HCLTECH) gaining +0.31% to ₹1081.4, and Tech Mahindra Ltd. (TECHM) advancing +0.22% to ₹1424.4.
Conversely, a few stocks show early weakness. Adani Enterprises Ltd. (ADANIENT) is down −0.39% at ₹3165. NTPC Ltd. (NTPC) trades lower by −0.35% at ₹357. Asian Paints Ltd. (ASIANPAINT) sees a −0.31% dip to ₹2736, while Dr. Reddy’s Laboratories Ltd. (DRREDDY) is down −0.26% at ₹1342.2. Axis Bank Ltd. (AXISBANK) also registers a −0.25% decline, trading at ₹1359.2.
FII and DII Activity
Foreign Institutional Investors (FIIs) have been net sellers for the past two consecutive sessions. On July 2, FIIs recorded net sales of −311.82 crore, following net sales of −1140.5 crore on July 1. This two-day selling streak by FIIs totals −1452.32 crore.
In contrast, Domestic Institutional Investors (DIIs) have maintained their buying momentum, providing crucial support to the market. DIIs were net buyers of +1784.4 crore on July 2 and +3159.24 crore on July 1, effectively absorbing the FII outflows and contributing to the market’s resilience.
As the session progresses, traders will monitor if the initial positive momentum can be sustained and how market breadth develops beyond the opening minutes.