Opening Bell: Nifty Opens 197 Points Lower at 23672.70 as FII Selling Persists | 24 Jul 2026, 09:25 AM IST
By ThePip Desk
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 Nifty 50 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 | Open (Today) | Change vs Prev Close |
|---|---|---|
| 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 FII 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 DII 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.