Opening Bell: Nifty Opens 197 Points Lower at 23672.70 as FII Selling Persists | 24 Jul 2026, 09:25 AM IST
Key Highlights
Indian equities begin Friday’s session with a significant gap-down. Nifty 50 opens at 23672.70, down 0.82%, extending losses amid continued FII outflows.
Indian equity markets opened Friday’s session with a notable gap-down, continuing the negative sentiment from the previous close. The commenced trading at 23672.70, marking a decline of −197 points, or −0.82%, from its previous close of 23869.60. This early weakness comes as foreign institutional investors (FIIs) have maintained a selling streak.
| Index | (Today) | Change vs |
|---|---|---|
| Nifty 50 | 23672.70 | −197 pts (−0.82%) |
Despite the broader market decline, individual stocks within the Nifty 50 showed mixed performance in early trade. Tech Mahindra Ltd. (TECHM) led the gainers, up +0.67% at ₹1566.3, followed by Infosys Ltd. (INFY) which rose +0.53% to ₹1052.9. Dr. Reddy’s Laboratories Ltd. (DRREDDY), HDFC Life Insurance Company Ltd. (HDFCLIFE), and SBI Life Insurance Company Ltd. (SBILIFE) also registered modest gains of +0.30% each.
Conversely, Nestle India Ltd. (NESTLEIND) was among the top losers, down −0.39% at ₹1442.2. Max Healthcare Institute Ltd. (MAXHEALTH) and Grasim Industries Ltd. (GRASIM) also fell by −0.39%. HDFC Bank Ltd. (HDFCBANK) and Hindustan Unilever Ltd. (HINDUNILVR) saw minor declines of −0.19% and −0.17% respectively.
The market sentiment is largely influenced by activity. Data from the last two sessions shows FIIs were net sellers for two consecutive days. On July 23, FIIs offloaded equities worth −₹2999.23 crore, while domestic institutional investors (DIIs) provided support with net purchases of +₹2947.14 crore. The preceding session on July 22 also saw FIIs as net sellers with an outflow of −₹819.2 crore, alongside selling of −₹418.26 crore.
As the market enters its first hour of trade, participants will closely monitor the Nifty 50’s ability to hold above the 23650 level and any further cues from institutional flows.