Pre-Market Brief: FIIs Turn Net Buyers, Nifty 50 Holds Near 24000 Amidst Mixed Sector Performance | 29 Jul 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 closed marginally lower at 23985.35, but FIIs broke their selling streak, turning net buyers on Tuesday. DIIs continued their strong support. Traders will watch for sustained domestic inflows at the 9:15 open.
Indian equity markets witnessed a mixed session on Tuesday, with the Nifty 50 closing marginally lower at 23985.35. However, a significant development was the Foreign Institutional Investors (FIIs) turning net buyers, injecting +755.33 crore into the market, breaking a four-session selling streak. Domestic Institutional Investors (DIIs) continued their robust support, with net purchases of +1664.16 crore.
Index Snapshot
| Index | Close | Change (%) |
|---|---|---|
| Nifty 50 | 23985.35 | −0.04% |
| Nifty Bank | 56755.60 | −0.58% |
| NIFTY Midcap 100 | 62351.50 | +0.08% |
The Nifty 50 saw 26 advances and 24 declines, indicating a balanced market breadth despite the slight dip. The Nifty Bank, however, experienced a notable decline of −0.58%, shedding −332 points.
FII & DII Flows
After four consecutive sessions of net selling, FIIs demonstrated renewed confidence on July 28, recording net purchases of +755.33 crore. This shift is a key point of interest for market participants. DIIs have consistently provided strong buying support, with their net inflow on Tuesday standing at +1664.16 crore. Over the last five sessions, DIIs have been net buyers in four, providing a significant counterweight to earlier FII outflows.
Sector Watch
Tuesday’s session saw varied sectoral performance. Technology stocks led the gains, with the IT sector showing strong upward momentum. Other sectors that closed in the green included Pharma and FMCG. On the other hand, Banking, PSU, and Metal sectors experienced declines, contributing to the Nifty Bank’s underperformance.
Top Movers
Among the Nifty 50 constituents, Tata Consultancy Services Ltd. (TCS) was a prominent gainer, rising +4.46% to ₹2398. Tech Mahindra Ltd. (TECHM) also performed strongly, up +3.82%. Nestle India Ltd. (NESTLEIND) and Cipla Ltd. (CIPLA) also posted decent gains. Conversely, Hindustan Unilever Ltd. (HINDUNILVR) was the top loser, falling −6.99%. Bharat Electronics Ltd. (BEL) and Coal India Ltd. (COALINDIA) also saw significant declines.
What to Watch at 9:15
The FII turnaround from selling to buying is a critical factor to observe. While Nifty 50 closed flat, the Nifty Bank’s dip warrants attention. Traders will be keenly watching whether FIIs sustain their buying momentum and if DIIs continue to provide a strong foundation for the market at the 9:15 AM open.