Daily Stock Market Wrap-Up: Nifty & Bank Nifty Performance | FII/DII Data | 31 Jul 2026

Daily Market Wrap-Up: Nifty Crosses 24,380 & Financials Surge Led by Bajaj Twins; IT & FMCG Drag (July 31, 2026)

📈 Executive Summary

Indian benchmark indices ended the final trading session of July on a strong note on Friday, July 31, 2026. Defying mixed global cues and earnings-led sell-offs in IT heavyweights, equity benchmarks were propelled higher by solid institutional inflows and a massive rally in Financials.

The Nifty 50 closed past 24,380, while Nifty Financial Services jumped over 1.3%. Broader markets also stabilized as India VIX cooled down by 3.29%, signaling lower volatility heading into August.

📊 Key Index Performance

Index	Closing Level	Absolute Change	% Change	Intraday Context / Range
Nifty 50	24,383.60	+66.45	+0.27%	Opened 24,361; High of 24,429
BSE Sensex	78,094.64	+166.49	+0.21%	Held above 78,000 mark
Nifty Bank	57,264.85	+117.35	+0.21%	Reclaimed intraday gains
Nifty Fin Services	26,594.05	+342.80	+1.31%	Outperformed broader market
India VIX	11.76	-0.40	-3.29%	Volatility cooling down

🏦 Institutional Cash Market Activity (31-Jul-2026)

Key Takeaway: Domestic Institutional Investors (DIIs) drove massive liquidity with net buying of +₹2,260.37 Cr (combined), while Foreign Institutional Investors (FIIs) remained net buyers for another session.

Combined Data (NSE + BSE + MSEI)

Category	Buy Value (₹ Cr)	Sell Value (₹ Cr)	Net Value (₹ Cr)
FII / FPI	19,045.51	18,768.03	+277.48 (Net Buyer)
DII	19,885.80	17,625.43	+2,260.37 (Net Buyer)
Combined Net	—	—	+2,537.85 (Strong Inflows)

NSE Standalone Segment

Category	Buy Value (₹ Cr)	Sell Value (₹ Cr)	Net Value (₹ Cr)
FII / FPI	18,198.36	18,012.84	+185.52 (Net Buyer)
DII	18,055.93	16,127.78	+1,928.15 (Net Buyer)

🚀 Key Market Drivers & Deep Insights

1. Relentless DII Buying (+₹2,260.37 Cr): Strong domestic fund inflows absorbed profit booking in IT and FMCG sectors, ensuring the index closed near the day’s high.
2. Financials & Bajaj Twins Surge: Nifty Financial Services (+1.31%) led sector gainers. Bajaj Finance surged following strong June-quarter operating updates and broker upgrades, lifting NBFC sentiment across the board.
3. IT & FMCG Pressure: Global tech volatility and AI-focussed capital expenditure shifts weighed on traditional Indian IT exporters, making Nifty IT the key laggard of the day.
4. Cooling India VIX (11.76): A 3.29% drop in volatility indicates derivative market confidence as options pricing stabilizes above 24,300 levels.

🏬 Sectoral Performance Matrix

Sector	% Change	Key Driver / Movers
Nifty Fin Services	+1.31%	Led by Bajaj Finance, Bajaj Finserv, Jio Financial
Nifty Media / Auto	+1.60%	Extended momentum in auto & media spaces
Nifty Energy	+1.09%	Reliance Industries and upstream oil support
Nifty Bank	+0.21%	Steady support from private & PSU lenders
Nifty FMCG	-1.00%	Profit-booking in consumer staples
Nifty IT	-1.60%	Downside pressure across major tech names

🟢 Top Gainers & 🔴 Top Laggards (Nifty 50)

Top Gainers

• Bajaj Finance / Bajaj Finserv: Top performers on earnings optimism.
• Mahindra & Mahindra: Auto sector lead contributor.
• Adani Ports: Rebounded from previous session’s dip.
• Jio Financial Services: Heavy financial sector buying.

Top Laggards

• Infosys / TCS: IT sector drag.
• Wipro / Tech Mahindra: Technology weakness.
• HDFC Life Insurance: Consolidation in insurance names.

🎯 Technical Outlook for Next Session (August 03, 2026)

Parameter	Level	Strategy / Technical View
Nifty Immediate Support	24,300 – 24,250	Base level held successfully
Nifty Immediate Resistance	24,430 – 24,500	Breakout hurdle for upside extension
Bank Nifty Support	57,000	Psychological support floor
Bank Nifty Resistance	57,500 – 57,600	Key hurdle for banking bulls
Trading Stance	Buy on Dips	Bullish momentum intact while holding 24,300