Pre-Market Brief: Nifty 50 Surges Past 24700 as Broader Market Shows Strong Momentum | 04 Aug 2026, 08:00 AM IST
By ThePip Desk
Indian equities closed strong on Monday, with Nifty 50 gaining 391 points to 24774.30. Broad-based buying, especially in IT and Financials, suggests continued positive sentiment. Traders eye sustained momentum at the 9:15 AM open.
Indian equity benchmarks delivered a robust performance on Monday, with the Nifty 50 closing at 24774.30, marking a significant gain of +1.60% or +391 points. This broad-based rally saw the Nifty Bank also surge by +1.72%, reflecting strong buying across key sectors and pushing indices higher.
Index Snapshot
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 24774.30 | +1.60% |
| Nifty Bank | 58247.95 | +1.72% |
| NIFTY Midcap 100 | 63679.30 | +1.21% |
Sectoral Performance and Market Breadth
Market breadth for the Nifty 50 was marginally positive, with 26 advances against 24 declines, indicating a relatively balanced yet upward movement within the frontline index. Sectoral performance was particularly strong, led emphatically by the IT sector, which gained an impressive +3.28%. The Financial Services sector also contributed significantly to the overall market rally with a +1.72% rise. Other key sectors like Auto (+1.48%) and Realty (+1.47%) also saw robust gains. Furthermore, FMCG (+1.43%), Pharma (+1.29%), and Healthcare (+0.48%) all closed in positive territory, underscoring broad participation across the market.
Top Movers
Among the top performers in the Nifty 50, Grasim Industries led the pack, closing higher by a substantial +5.13% at ₹3260. The robust performance of the IT sector was reflected in the significant gains seen by technology majors Tata Consultancy Services (+4.57%) and Infosys (+4.42%). Interglobe Aviation, a prominent player in the aviation sector, also surged by +4.43%, while Shriram Finance recorded a strong gain of +4.16%. On the downside, Apollo Hospitals Enterprise registered the steepest decline among Nifty components, falling by −1.53%. Sun Pharmaceutical Industries also saw a notable dip of −1.36%. Maruti Suzuki India experienced a modest decline of −0.59%, with Oil & Natural Gas Corporation (−0.22%) and Tech Mahindra (−0.14%) rounding out the top five losers for the day.
FII and DII Flows
Foreign Institutional Investors (FIIs) continued their robust buying streak, injecting a significant +₹922.26 crore into Indian equities on Monday. This marks the fifth consecutive session of net FII inflows, highlighting sustained foreign interest and confidence in the market. Domestic Institutional Investors (DIIs) also remained net buyers, adding a substantial +₹1571.18 crore to the market. Over the last five trading sessions, FIIs have demonstrated consistent buying activity, accumulating total inflows of +₹8560.45 crore. Similarly, DIIs have contributed +₹4629.70 crore over the same period, excluding a single day of outflow. The combined institutional support from both FIIs and DIIs underscores the current positive market sentiment and liquidity.
What to Watch at 9:15
As markets open at 9:15 AM IST, traders will closely monitor if the strong institutional buying momentum and broad-based sectoral strength, particularly in IT and Financials, can sustain the upward trajectory for the Nifty 50 in today’s session.