Pre-Market Brief: Nifty 50 Closes Above 24300; FIIs Turn Net Buyers Ahead of Friday Open | 31 Jul 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 advanced to 24317.15 on Thursday, supported by renewed FII buying. This shift in foreign investor sentiment could influence the market’s direction at the 9:15 AM open.
The Indian equity market concluded Thursday’s session with the Nifty 50 posting a +0.28% gain, closing at 24317.15 points. This positive movement was notably supported by Foreign Institutional Investors (FIIs) turning net buyers, injecting +3623.51 crore into the market. This marks a shift after two consecutive sessions of FII outflows, setting a potentially positive tone for Friday’s trading.
Index Snapshot
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 24317.15 | +0.28% |
| Nifty Bank | 57147.50 | −0.10% |
| NIFTY Midcap 100 | 62641.75 | −0.35% |
While the Nifty 50 advanced, the broader market saw mixed performance. The Nifty Bank closed marginally lower by −0.10% at 57147.50, and the NIFTY Midcap 100 also experienced a decline of −0.35%, settling at 62641.75. Market breadth within the Nifty 50 was nearly balanced, with 26 advances and 24 declines among the 50 constituents.
Sectoral Performance
Sectoral performance on Thursday was varied. One sector led gains with a notable +1.63% increase, followed by another with +0.23%, and a third with +0.13%. Conversely, one sector recorded a significant decline of −2.06%, while three other sectors saw modest losses of −0.14%, −0.10%, and −0.10% respectively.
Top Movers
Among the Nifty 50 constituents, automotive stocks showed strong momentum. Hero MotoCorp Ltd. emerged as the top gainer, rising +3.42% to ₹5325. Mahindra & Mahindra Ltd. also performed well, up +1.92% at ₹3283.7. Other notable gainers included Coal India Ltd. (+1.74%), Maruti Suzuki India Ltd. (+1.72%), and Eicher Motors Ltd. (+1.72%).
On the losing side, Adani Ports and Special Economic Zone Ltd. saw the steepest decline, falling −3.23% to ₹1664.1. HDFC Life Insurance Company Ltd. was down −2.03% at ₹545.4, while Shriram Finance Ltd. dropped −1.68% to ₹1027.2. Ultratech Cement Ltd. (−1.26%) and JIO Financial Services Ltd. (−1.01%) also featured among the top losers.
FII and DII Flows
Foreign Institutional Investors (FIIs) recorded a net inflow of +3623.51 crore on July 30, marking a positive shift after two consecutive selling sessions. This contrasts with the previous two days where FIIs were net sellers, with outflows of −1688.23 crore on July 27 and −3892.77 crore on July 24. Domestic Institutional Investors (DIIs), however, were net sellers on July 30, with an outflow of −1864.03 crore. Over the last five sessions, DIIs have largely been net buyers, with significant inflows of +5453.55 crore on July 24 and +2329.14 crore on July 27.
What to Watch at 9:15
The turnaround in FII sentiment, coupled with Nifty 50’s positive close, suggests a potentially firm opening for the Indian markets on Friday, July 31, 2026, though broader market performance will be key to sustaining momentum.