Pre-Market Brief: Nifty Dips Below 24100 as FIIs Turn Net Sellers; DIIs Provide Support | 28 Aug 2026, 08:00 AM IST
By ThePip Desk
Indian equities closed lower on Thursday, with the Nifty 50 ending at 24090.85. Foreign Institutional Investors turned net sellers after a streak of buying, while Domestic Institutional Investors provided significant support. Traders will watch for sustained FII activity at the 9:15 AM open.
Based on 27 August 2026 closing prices, Indian equity benchmarks concluded Thursday’s session in negative territory. The Nifty 50 registered a -0.48% decline, settling at 24090.85, while the Nifty Bank also saw a -0.47% drop, closing at 57509.95. The broader NIFTY Midcap 100 followed suit, albeit with a smaller dip of -0.10%.
A significant development was the Foreign Institutional Investors (FIIs) turning net sellers, recording outflows of ₹298.26 crore. This marks their first consecutive selling session after a period of net buying. In contrast, Domestic Institutional Investors (DIIs) continued their robust buying spree, injecting a substantial ₹4,977.17 crore into the market, providing crucial support amidst the FII selling pressure.
Index Snapshot
| Index | Close | Change (%) |
|---|---|---|
| Nifty 50 | 24090.85 | -0.48% |
| Nifty Bank | 57509.95 | -0.47% |
| NIFTY Midcap 100 | 64035.45 | -0.10% |
FII and DII Flows
The institutional flow data from Thursday, 27 August 2026, indicates a shift in FII sentiment. After several sessions of net inflows, FIIs registered net selling of ₹298.26 crore. This comes after a day where FIIs were also net sellers on 21 August 2026 (₹542.71 crore net sell). Conversely, DIIs maintained their strong conviction, recording significant net purchases of ₹4,977.17 crore, extending their consistent buying trend over the past five sessions. Their sustained presence has been a key factor in absorbing selling pressure.
Top Movers
Among the Nifty 50 constituents, Adani Enterprises Ltd. (+1.83%) and Kotak Mahindra Bank Ltd. (+1.80%) emerged as top gainers. Adani Ports and Special Economic Zone Ltd. also performed strongly, rising by +1.33%. Cipla Ltd. (+1.23%) and Bharat Electronics Ltd. (+1.01%) rounded out the top five gainers.
On the downside, Hindalco Industries Ltd. led the losers with a -2.75% fall. HDFC Bank Ltd. also experienced a notable decline of -2.23%. Other significant losers included Mahindra & Mahindra Ltd. (-2.01%), Shriram Finance Ltd. (-1.48%), and HCL Technologies Ltd. (-1.27%).
What to Watch at 9:15
As the market prepares for the Friday open, the primary focus will be on the continuation of institutional flows. While DIIs have consistently provided strong support, the recent shift in FII activity to net selling warrants close observation. Individual stock movements, particularly in the banking and Adani group counters, will also be key. The market’s direction at the 9:15 AM open will likely hinge on sustained institutional flows and global cues.