EQUITY MARKET (16th July 2026)

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 15th July 2026

As of 10:14 (IST)

NSE ADVANCE/DECLINE:

As of 10:15 (IST)

NIFTY INDEX DAILY REPORT

Nifty 50 demonstrated a resilient performance in early and midday trading, reclaiming the 24,150 mark after opening higher on firm cues. Building on the previous session’s close of 24,078.50, the index gained over 70 points amid strong buying in frontline Information Technology (IT) heavyweights like HCL Tech, Infosys, and Tech Mahindra. But broader upside momentum faced resistance around the 24,150 technical zone. This caution was triggered by global headwinds, including escalating Middle East geopolitical tensions and elevated crude oil prices hovering around $85 to $86 per barrel, which kept near-term volatility elevated across the broader market, thus settling nifty at around 24,075.75, merely above the psychological level of 24,000.

Bank Nifty witnessed a turbulent yet mostly unchanged trading session. The index began the day close to the previous close of 57,757.85, the index kicked off the day quietly at roughly 57,762.40 as investors adopted a wait-and-see attitude. However, big names like HDFC Bank and ICICI Bank couldn’t build on recent buying momentum and were restricted by a lack of follow-through. Further, minor losses in public sector banks, combined with rising geopolitical friction between the US and Iran and crude oil prices hitting $86 per barrel, stoked fears regarding climbing bond yields. Consequently, the banking index spent the day consolidating between 57,000 and 58,500, successfully preserving its vital 200-period moving average at 57,300. Further upside  can only be expected past the 58,600 resistance mark.

Nifty IT emerged as a powerful catalyst for the broader Indian stock market. Bouncing back from an earlier bout of pre-earnings profit booking, the Nifty IT index kicked off the day at ₹28,532.25 and steadily climbed to the high of ₹29,052.90. This strong performance was primarily fueled by encouraging international cues, specifically a tech-led rally on Wall Street’s Nasdaq the night before. Further, lower-than-expected U.S. wholesale inflation numbers bolstered investor confidence that the Federal Reserve might slow down its aggressive interest rate hikes, sparking renewed demand for India’s export-reliant and interest-rate-sensitive software giants.

The Nifty Auto index pulled in a 0.46% gain to finish at ₹26,767.55. The automotive sector started the morning on the right foot with an opening price of ₹26,754.45, quickly accelerating to touch a peak of ₹26,910.20 in early trading. While the mild profit-taking as the wider markets cooled down from their daily highs, the sector held its ground remarkably well. Even with macroeconomic factors, like rising tensions between the U.S. and Iran driving global oil prices toward $86 a barrel and pressuring production costs, solid buyer demand kept the index comfortably above its daily low of ₹26,668.65 by the closing bell.

NIFTY DAILY CHART

The Nifty, amid geopolitical tension, fell to the low of 24,050, but managed to  settle just above the psychological level of 24,000 at 24072.75. Thus, if the index fails to maintain itself  above the mark of 24,000, then the index would further weaken towards the level of 23,800. If the index manages to sustain  above the mark of 24,000, then it can again touch the level of 24,250. Only breach of 24,250, would make Nifty stronger, else it it will continue to hover with 24000-24250.

POST MARKET BRIEF:

Equity Market Technical Analysis Snapshot: Jul 16^th, 2026

NIFTY50:

Nifty ended the session marginally lower by 0.02%, opening gap-up at 24,142.00 and trading in a narrow range for most of the day. The index touched an intraday high of 24,186.50, briefly moving above its 11-DMA, but failed to sustain the breakout as selling pressure emerged from higher levels. It slipped to an intraday low of 24,050.00 before settling at 24,072.75. The trend remains sideways, with the index trading below its 200-DMA and 11-DMA but above the 30-DMA, indicating a mixed technical setup. The RSI at 52.15 reflects neutral momentum with a slight positive bias. Immediate resistance is placed at 24,250–24,450, while support is seen at 24,000–23,900. A sustained move above 24,250 could strengthen bullish sentiment, whereas a break below 24,000 may invite fresh selling. 

BANKNIFTY:

Bank Nifty declined 0.30%, opening at 57,831.10 and spending most of the session in a range-bound movement. The index briefly crossed above its 11-DMA, but the breakout failed to hold as profit booking dragged it to an intraday low of 57,420.15, close to its 200-DMA. A mild recovery in the final hours helped Bank Nifty close at 57,582.25. The trend remains sideways, with the index trading above its 30-DMA and 200-DMA but below the 11-DMA, indicating indecisiveness in the short term. The RSI at 52.83 suggests neutral momentum. Immediate resistance is placed at 58,250–58,600, while support is seen at 57,300–57,000. A sustained move above 58,250 could revive bullish momentum, while a break below 57,300 may lead to further weakness.  

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) gained 0.15%, opening gap-up at 14,844.90 before witnessing profit booking after touching an intraday high of 14,876.45. The index declined to an intraday low of 14,734.95 but recovered to close at 14,793.25. The trend remains sideways to bullish, with the index continuing to trade above its 200-DMA, 30-DMA, and 11-DMA, indicating that the broader uptrend remains intact. The RSI at 60.14 reflects healthy bullish momentum. Immediate resistance is placed at 14,880–15,000, while support is seen at 14,680–14,570. A decisive breakout above 14,880 could pave the way for fresh highs, while holding 14,680 will be crucial to maintain the bullish structure.  

NIFTY CONSR DURBL:

Nifty Consumer Durables advanced 1.48%, opening at 39,168.40 and witnessing strong buying interest throughout the session. The index rallied sharply to an intraday high of 39,655.40, gave up a small portion of its gains, and finally closed firmly at 39,514.00. The trend remains bullish, with the index trading comfortably above its 30-DMA, 11-DMA, and 200-DMA, confirming strong technical strength. The RSI at 73.09 has entered the overbought zone, indicating robust momentum, although short-term profit booking cannot be ruled out after the recent rally. Immediate support is placed at 39,100–38,800, while resistance is seen at 39,800–40,300. A sustained move above 39,800 could extend the rally toward the 40,300 zone. 

Pivot Table:

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 16th July 2026

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