Pre-Market Brief: Nifty 50 Holds Firm at 23897 as FIIs Offload ₹3111 Crore | 07 Sept 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 closed at 23897.70 as domestic institutional support offsets FII selling. Investors brace for Monday’s 9:15 AM opening amid mixed sector performance.
Based on 06 September 2026 closing prices, the Nifty 50 index displayed resilience to finish at 23897.70, a marginal gain of +0.10%. While the benchmark index managed to stay in the green, broader sentiment remained cautious as the Nifty Midcap 100 slipped −0.25% to close at 63079.05.
Market Snapshot
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 23897.70 | +0.10% |
| Nifty Bank | 57369.65 | −0.02% |
| Nifty Midcap 100 | 63079.05 | −0.25% |
FII and DII Flows
Institutional activity remains a primary focus for traders heading into the Monday session. In the last recorded session, FIIs were net sellers to the tune of ₹3111.94 crore, while DIIs provided a significant buffer with net purchases of ₹8930.12 crore. This divergence in buying patterns continues to influence price action across large-cap stocks.
Top Movers and Sector Trends
The insurance sector saw notable strength, with SBI Life Insurance Company Ltd. gaining +3.50% to reach ₹1775, followed by HDFC Life Insurance Company Ltd. at +2.42%. Conversely, selling pressure weighed on HCL Technologies Ltd., which fell −1.94%, and Bharti Airtel Ltd., which declined −1.55%. Tata Steel Ltd. also outperformed, rising +2.49% to close at ₹188.79.
What to Watch at 9:15
As the market prepares for the 9:15 AM open, participants will monitor whether the Nifty 50 can sustain its support level above 23800 despite the persistent FII selling trend observed over the last five sessions.