Pre-Market Brief: Nifty 50 Dips to 23767 as FIIs Sell; IT and Pharma See Gains | 27 Jul 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 closes at 23767.45, down 0.43%, amid FII selling pressure. IT and Pharma sectors show resilience, while financial stocks face declines. Traders watch for sustained momentum at the 9:15 AM open.
The Nifty 50 concluded Friday’s session at 23767.45, registering a −0.43% decline, equivalent to −102 points. This dip was largely influenced by sustained selling pressure from Foreign Institutional Investors (FIIs) for the third consecutive session. Despite the broader market weakness, the Nifty Bank index showed resilience, closing +0.18% higher at 56693.50. Market breadth for the Nifty 50 was nearly balanced, with 26 advances and 24 declines.
Index Snapshot
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 23767.45 | −0.43% |
| Nifty Bank | 56693.50 | +0.18% |
| NIFTY Midcap 100 | 61622.35 | −0.10% |
FII / DII Flows
Foreign Institutional Investors (FIIs) remained net sellers on Friday, offloading equities worth ₹3892.77 crore. This marks the third consecutive session of FII outflows, indicating a cautious stance by foreign funds. Counteracting this, Domestic Institutional Investors (DIIs) provided strong support, recording net purchases of ₹5453.55 crore. Over the last five sessions, FIIs have collectively sold ₹7182.12 crore, while DIIs have accumulated ₹8637.58 crore, absorbing much of the selling pressure.
Sector Watch
Among the sectoral indices, Information Technology (IT) and Pharma emerged as top performers. The IT sector gained +0.82%, followed by Pharma with a +0.58% rise. FMCG also closed marginally in the green, up +0.04%. Conversely, Financial Services led the declines, falling −1.10%. Other sectors experiencing headwinds included Auto (−0.55%), Realty (−0.41%), and Bank (−0.32%).
Top Movers
HCL Technologies Ltd. (+2.11%), Wipro Ltd. (+1.32%), and Cipla Ltd. (+1.26%) were among the top gainers in the Nifty 50, reflecting the strength in the IT and Pharma sectors. ITC Ltd. (+0.76%) and HDFC Life Insurance Company Ltd. (+0.74%) also posted gains. On the losing side, Bajaj Finance Ltd. saw a significant drop of −2.60%. Other notable decliners included Eternal Ltd. (−2.47%), Mahindra & Mahindra Ltd. (−2.11%), Shriram Finance Ltd. (−2.02%), and Tata Consumer Products Ltd. (−1.78%).
What to Watch at 9:15
As the market opens, traders will monitor FII activity closely, especially after three consecutive days of selling. The resilience of the Nifty Bank index against broader market weakness, coupled with DII buying, suggests underlying domestic strength. Key sectors like IT and Pharma may continue to show momentum, while financial stocks could remain under pressure. The Nifty 50’s ability to hold above immediate support levels will be crucial for Monday’s trading session.
The market anticipates a continuation of the tug-of-war between FII selling and DII buying at the 9:15 AM open.