Pre-Market Brief: Nifty Holds 23800 Amid FII Outflows; Midcaps Show Strength | 01 Jul 2026, 08:00 AM IST
By Sivam
Nifty 50 closed at 23865.75 with a −0.34% dip. Domestic institutions provided support against FII selling, while midcaps outperformed. Traders watch for sustained institutional flows at the 9:15 AM open.
Indian equity markets saw a mixed close on Tuesday, June 30, with the Nifty 50 settling at 23865.75, down −0.34%, or 81 points. While foreign institutional investors (FIIs) remained net sellers for the second consecutive session, domestic institutional investors (DIIs) provided substantial buying support, absorbing much of the selling pressure. The NIFTY Midcap 100, in contrast, showed resilience, closing up +0.37%.
Index Snapshot
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 23865.75 | −0.34% |
| Nifty Bank | 57542.90 | −0.32% |
| NIFTY Midcap 100 | 61797.70 | +0.37% |
FII and DII Flows
FIIs recorded net sales of −₹2556.75 crore on June 30, marking their second consecutive selling session. This follows a net sale of −₹1350.1 crore on June 29. In stark contrast, DIIs were strong net buyers, injecting +₹6842.34 crore into the market on Tuesday. Over the last five trading sessions, FIIs have been net sellers in three, while DIIs have consistently been net buyers, providing a crucial counterbalance to foreign outflows and underpinning domestic market stability.
Sector Watch
Among sectors, Auto emerged as the top performer, gaining +1.31%. This was largely driven by strong gains in Maruti Suzuki India Ltd. (MARUTI), which surged +5.24% to ₹14115, and Tata Motors Passenger Vehicles Ltd. (TMPV), up +2.07% at ₹352.2. Consumer Durables also saw positive momentum, rising +0.39%, primarily boosted by Titan Company Ltd. (TITAN) which climbed +2.96% to ₹4404.
Conversely, the IT sector faced significant headwinds, declining −2.73%. Infosys Ltd. (INFY) was down −3.50% at ₹1000.4, Tata Consultancy Services Ltd. (TCS) fell −3.17% to ₹2031.5, and Wipro Ltd. (WIPRO) decreased −2.90% to ₹170.39, all featuring among the top Nifty losers. Financial Services and FMCG also ended in negative territory, down −0.72% and −0.68% respectively.
Market Breadth and Top Movers
Market breadth for the Nifty 50 was nearly even, with 26 advances and 24 declines, indicating a balanced sentiment within the index despite the overall dip. Beyond the sector leaders, Adani Enterprises Ltd. (ADANIENT) gained +2.48% to ₹3036, and Bajaj Finance Ltd. (BAJFINANCE) was up +2.31% at ₹1004.75. On the losing side, Eicher Motors Ltd. (EICHERMOT) was the top Nifty loser, falling −4.75% to ₹7073.5, alongside the IT majors.
What to Watch at 9:15
As markets open at 9:15 AM IST, the interplay between continued FII selling pressure and robust DII buying will be a key determinant for early market direction, with traders monitoring institutional flow data closely for cues on market sentiment.