Indian Market Surges: Sensex Jumps 776 Points, Nifty Nears 24,000

The Indian stock market staged a strong recovery on July 27, 2026, ending a five-day losing streak. The S&P BSE Sensex advanced by 776.01 points to close at 76,835.78, while the Nifty 50 climbed 228.50 points, settling at 23,995.95.

DII Inflows Power Rally

This rebound was primarily fueled by robust buying from domestic institutional investors (DIIs). DIIs recorded net purchases of Rs 2,329 crore, effectively countering the net sales of Rs 1,688 crore by foreign institutional investors (FIIs).

DIIs have consistently been net buyers throughout the year, accumulating shares worth Rs 4.88 lakh crore year-to-date. In contrast, FIIs have registered net sales totaling Rs 3.51 lakh crore over the same period.

Macro Tailwinds and Sectoral Gains

Positive macroeconomic factors further bolstered market sentiment. A notable decline in global crude oil prices, attributed to easing geopolitical tensions in the Middle East, provided a significant boost for India, a major energy importer.

The ongoing earnings season also contributed to the upward momentum, with several companies reporting encouraging quarterly performance figures. Sectoral gains were broad-based across the market.

The Nifty Media index led the charge with a 2.4% increase, followed by the IT sector, which gained 2.3%. Other sectors including Realty, Auto, and Pharma also recorded healthy advances, contributing to the overall positive market breadth.

Nifty’s Technical Outlook

From a technical standpoint, the Nifty 50 successfully held above its crucial 23,600 support level. Market observers are now closely watching the immediate resistance band, which lies between 24,000 and 24,150.

This resistance range aligns with the 20-day and 100-day exponential moving averages. A decisive break above this level could signal further upward movement towards the 24,400 mark, while the 23,600-23,800 zone remains critical for downside support.