Pre-Market Brief: Nifty 50 Closes +0.35% Higher at 24175.65; IT Stocks Lead Gains | 31 Aug 2026, 08:00 AM IST

Good morning, traders! Based on 30 August 2026 closing prices, the Nifty 50 concluded the last trading session with a positive momentum, advancing +0.35% to settle at 24175.65 points. The gains were primarily spearheaded by strong performances from major IT stocks, which emerged as the top movers.

Index Performance Snapshot

Here’s a quick look at how the key indices performed:

Index	Close	Change (%)
Nifty 50	24175.65	+0.35%
Nifty Bank	57496.30	−0.02%
NIFTY Midcap 100	64069.50	+0.05%

While the Nifty 50 and NIFTY Midcap 100 saw modest gains, the Nifty Bank index registered a marginal decline of −0.02%, closing at 57496.30.

Top Movers Drive Market Activity

The IT sector was a significant driver of the Nifty 50’s positive close. Tata Consultancy Services Ltd. (TCS) led the pack, gaining +4.16% to ₹2342. Tech Mahindra Ltd. (TECHM) followed with a +3.53% increase, reaching ₹1640.9. Infosys Ltd. (INFY) was up +2.99% at ₹1144, HCL Technologies Ltd. (HCLTECH) rose +2.66% to ₹1316.1, and Wipro Ltd. (WIPRO) closed +2.58% higher at ₹180.95.

Conversely, several heavyweights faced selling pressure. ICICI Bank Ltd. (ICICIBANK) was down −1.40% at ₹1422.8, and Shriram Finance Ltd. (SHRIRAMFIN) declined −1.28% to ₹1086.9. Other notable losers included ITC Ltd. (ITC) falling −1.12%, Ultratech Cement Ltd. (ULTRACEMCO) dropping −1.09%, and Asian Paints Ltd. (ASIANPAINT) closing −0.85% lower.

FII and DII Flows

Foreign Institutional Investors (FIIs) were net sellers in the most recent session on 28 August 2026, offloading equities worth −₹5039.8 crore. Domestic Institutional Investors (DIIs) provided strong counter-support, recording net purchases of +₹5183.93 crore on the same day. Over the last five sessions, FII activity has been mixed, including significant selling on August 27th (−₹298.26 crore) and buying on August 26th (+₹502.63 crore). The provided data indicates FII consecutive sell sessions: 0. For the session on August 24th, FIIs were net buyers with +₹1181.66 crore, while DIIs also recorded net purchases of +₹2493.41 crore.

What to Watch at 9:15

As the market prepares for Monday’s open, investors will closely monitor global market cues and the continued FII and DII activity. The strong showing by IT stocks and the resilience from DII buying against FII selling will be key factors influencing early trade. Expect specific stock movements based on any overnight corporate announcements or global developments.