Pre-Market Brief: Nifty Closes Above 24000; DII Buying Counters FII Outflows | 18 Jun 2026, 08:00 AM IST
By Sivam
The Nifty 50 settled at 24085.70 yesterday, marking a +0.40% gain. Domestic Institutional Investors continued their strong buying, absorbing FII selling pressure. Traders monitor global cues for today’s 9:15 AM open.
The Indian equity markets demonstrated underlying strength on Wednesday, 17 June, with key indices closing in positive territory. The Nifty 50 settled at 24085.70, registering a gain of +97 pts or +0.40%, successfully holding above the psychological 24000 mark. Similarly, the Nifty Bank advanced by +288 pts or +0.50% to close at 57585.05, and the NIFTY Midcap 100 also saw a healthy rise of +321 pts or +0.52%. This broad-based positive sentiment was underscored by a market breadth that saw 26 advances against 24 declines in the Nifty 50, indicating a relatively balanced trading session.
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 24085.70 | +0.40% |
| Nifty Bank | 57585.05 | +0.50% |
| NIFTY Midcap 100 | 62123.35 | +0.52% |
FII and DII Flows
On June 17, Foreign Institutional Investors (FIIs) recorded a modest net inflow of +101.59 cr, marking a pause in their recent selling trend. However, a broader look at the past five trading sessions reveals FIIs have been net sellers, with cumulative outflows totaling −3516.81 cr. This sustained selling pressure from foreign investors has been a notable feature of recent market activity.
In stark contrast, Domestic Institutional Investors (DIIs) continued their robust buying spree, injecting a significant +1561.4 cr into the market on Wednesday. Their consistent support is evident in the cumulative net inflow of +14316.52 cr over the last five sessions. This strong domestic participation has been instrumental in providing a floor for the market amidst foreign selling.
Sector Performance
Sectoral performance was mixed. The Auto sector led the gains with a +1.75% increase, followed by Metal, which advanced +0.85%. Conversely, Pharma experienced the most significant decline, falling −0.62%. Other sectors like FMCG (−0.43%), IT (−0.17%), Financial Services (−0.14%), and Private Bank (−0.05%) also closed in negative territory.
Top Movers
Among the Nifty 50 constituents, Trent Ltd. (TRENT) emerged as the top gainer, surging +7.07% to ₹3102.8. Bharat Electronics Ltd. (BEL) also performed strongly, rising +3.02%. On the downside, Tata Motors Passenger Vehicles Ltd. (TMPV) was the biggest loser, dropping −8.30% to ₹360.95. Cipla Ltd. (CIPLA) also saw a decline of −1.63%.
What to Watch at 9:15
As markets prepare for the 9:15 AM open, traders will closely monitor early indicators and global market sentiment following yesterday’s mixed close.