Opening Bell: Nifty Opens Lower; Bajaj Auto Gains While Indigo Slips in Early Trade | 23 Jul 2026, 09:25 AM IST

The Indian equity market commenced Thursday’s session on a cautious note, with the Nifty 50 opening lower. The benchmark index began trade at 23910.70, marking a −0.36% decline, or −86 points, from its previous close of 23996.25. Early market breadth for the Nifty 50 showed 0 advances and 0 declines, suggesting a flat start across the index constituents in the initial minutes of trade.

Index	Open	Change (vs Prev Close)
Nifty 50	23910.70	−86 pts (−0.36%)

Among the early movers, Bajaj Auto Ltd. (BAJAJ-AUTO) emerged as the top gainer, surging +5.72% to ₹10998.5. Nestle India Ltd. (NESTLEIND) also saw positive momentum, up +2.87% at ₹1493.6. Tata Consumer Products Ltd. (TATACONSUM) gained +1.24% to ₹1094.9, while Power Grid Corporation Of India Ltd. (POWERGRID) advanced +0.91% to ₹289.3, and Oil & Natural Gas Corporation Ltd. (ONGC) was up +0.80% at ₹251.9.

Conversely, Interglobe Aviation Ltd. (INDIGO) was among the significant losers, dropping −3.54% to ₹5117. JIO Financial Services Ltd. (JIOFIN) also experienced a decline, trading −2.18% lower at ₹234.8. Infosys Ltd. (INFY) was down −1.99% at ₹1052.1. Dr. Reddy’s Laboratories Ltd. (DRREDDY) fell −1.92% to ₹1182.8, and State Bank Of India (SBIN) traded −1.86% lower at ₹1025 in the initial minutes.

Foreign Institutional Investors (FIIs) were net sellers on July 22, offloading −₹819.2 crore, while Domestic Institutional Investors (DIIs) also recorded net sales of −₹418.26 crore on the same day. This follows FII net buying of +₹1650.16 crore on July 21, with DIIs being net sellers at −₹656.88 crore. FIIs currently show no consecutive sell sessions.

Investors will closely monitor the broader market sentiment and any emerging sector-specific trends over the next 30 minutes of trade.