Pre-Market Brief: Nifty 50 Closes Above 24270; FII Selling Persists Ahead of Monday Open | 06 Jul 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 posts modest gains to close at 24270.85, while FIIs extend their selling streak for a fourth session. DIIs provide support. Traders watch for continuity in sectoral trends at the 9:15 AM open.
The Nifty 50 concluded Friday’s trading session with modest gains, advancing +95 points (+0.39%) to settle at 24270.85. The broader market breadth remained balanced, with 26 advances against 24 declines among the Nifty 50 constituents. This resilience in the benchmark index came despite continued selling pressure from Foreign Institutional Investors (FIIs) and a mixed sectoral performance.
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 24270.85 | +0.39% |
| Nifty Bank | 57938.50 | −0.16% |
| NIFTY Midcap 100 | 62190.30 | −0.19% |
FII / DII Flows
Foreign Institutional Investors (FIIs) remained net sellers for the fourth consecutive trading session on July 3rd, offloading equities worth −1355.33 crore. This extends a trend observed over the past five sessions, where FIIs have consistently withdrawn capital. In contrast, Domestic Institutional Investors (DIIs) continued to provide crucial support to the market, recording net purchases of +1953.89 crore on July 3rd. DII buying has been a consistent factor, offsetting FII outflows and contributing to the Nifty’s stability.
Sector Watch
Sectoral performance on Friday was notably mixed. While several sectors registered gains, with the strongest advancing by +2.19% and another by +1.76%, the Banking sector experienced significant pressure, closing down by −1.54%. The Auto sector also saw a decline of −0.44%, reflecting a cautious sentiment in these segments.
Top Movers
Among the Nifty 50 constituents, HCL Technologies Ltd. (HCLTECH) emerged as the top gainer, surging by +5.65% to ₹1139. Max Healthcare Institute Ltd. (MAXHEALTH) and Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) also posted strong gains, rising +2.31% and +2.27% respectively. Bajaj Finserv Ltd. (BAJAJFINSV) and Dr. Reddy’s Laboratories Ltd. (DRREDDY) rounded out the top five gainers, indicating strength in select pockets of the market.
Conversely, banking stocks were prominent among the losers. Axis Bank Ltd. (AXISBANK) fell by −1.50%, and State Bank Of India (SBIN) declined by −1.10%. Mahindra & Mahindra Ltd. (M&M) was down −1.21%, while Larsen & Toubro Ltd. (LT) and Tech Mahindra Ltd. (TECHM) also closed in the red, reflecting the broader weakness seen in the banking and certain industrial sectors.
What to Watch at 9:15
As the market prepares for the 9:15 AM open, traders will be observing the continuation of FII selling versus DII buying dynamics. The resilience of the Nifty 50 despite foreign outflows, coupled with the distinct sectoral rotation, suggests a selective market. Focus will be on how the banking sector performs following Friday’s declines and if the momentum in top gaining stocks carries forward. Traders will closely monitor these trends and the initial market reaction at the 9:15 AM open.