EQUITY MARKET(28th July 2026)

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 27th July 2026

As of 10:42 (IST)

NSE ADVANCE/DECLINE:

As of 10:43 (IST)

NIFTY INDEX DAILY REPORT

The Nifty 50 showed notable endurance despite a hesitant start, starting the day near 23,971, but Nifty couldn’t reach the psychological level of 24,000 and settled down by 0.04.% on a daily basis. A robust surge in tech stocks served as the supporter for the market, with industry giants like TCS, Tech Mahindra, Infosys, and HCLTech jumping as much as 4% as buyers stepped in to capture value. Overall investor mood got a boost from softening international oil prices, below the mark of $85 and a brief lull in Middle East tensions, though upcoming rate decisions from the US Federal Reserve kept traders from placing overly aggressive bets. Meanwhile, downward pressure on public sector and consumer goods stocks, highlighted by pullbacks in heavyweights such as Hindustan Unilever, Coal India, and BEL, capped the index’s upside.

The Bank Nifty experienced a choppy trading session amid heavy monthly F&O contract settlements, taking a breather in the 57,000–57,100 range after a strong rally on the  previous day, settling the day at 56,755.60 down by 0.58% points. Solid demand for major market movers like ICICI Bank and State Bank of India  helped cushion the index against selective profit-taking in other private sector banks, keeping overall sentiment favorable. Bank Nifty is facing resistance at 57,128, thus, it can further weaken to 56,330, if index falls below the mark of 56,560. Bank Nifty  may continue to trade above the key support as institutional participants realigned their portfolios in anticipation of upcoming global interest rate announcements.

Nifty Realty index experienced strong buying momentum, climbing over 2.33% to settle around the 921.50 level after opening at 906.15. The rate-sensitive sector staged a notable recovery from its recent lows, hitting an intraday high of 922.55. This upward trajectory was amid significant relief from cooling international crude oil prices below the mark of $85, which alleviated immediate inflation fears and eased upward pressure on domestic bond yields. Thus, borrowing cost concerns temporarily receded, pushing investor returns across major real estate developers, allowing the index to outperform the broader market throughout the trading day.

Nifty IT index emerged as the standout sectoral performer, rallying nearly 3.32% to settle the day at 30,418.35 , after hitting the daily’s high of 30,664.10 The sector’s strong momentum was driven by a amid global rotation trade as investors shifted toward stable software service exporters. Heavyweights led the charge, with Tata Consultancy Services surging over 4.3%, accompanied by solid gains in Tech Mahindra, HCLTech, and Infosys, which rose between 2.8% and 3.4%. Optimism ahead of key US enterprise technology earnings reports further bolstered sentiment, allowing the IT index to comfortably lead the broader market’s recovery throughout the day.

NIFTY DAILY CHART

The Nifty couldn’t sustain Friday’s momentum and fell below the mark of 24,000 and settled at the level of 23,985.35. However, for further upside in the index, it must break the resistance of 24,000 and trade above the key level with sustainability to reach 24,100. Else, 23,800 would be acting as nearest support to the nifty.

Post Market Update:

Equity Market Technical Analysis Snapshot: Jul 28^th, 2026

NIFTY50:

Nifty ended marginally lower by 0.04%, opening at 23,971.25 and spending the entire session in a narrow trading range. The index touched an intraday high of 24,041.15, near its 11DMA and 30DMA, but failed to sustain the breakout and slipped to an intraday low of 23,954.60 before closing at 23,985.35. The trend remains sideways to bullish, although the index continues to trade below its 200DMA, 30DMA, and 11DMA, indicating that the broader trend is still under recovery. The RSI at 49.26 reflects neutral momentum. Immediate resistance is placed at 24,100-24,250, while support lies at 23,900-23,800. A decisive move above 24,100 could strengthen the recovery, whereas a break below 23,900 may invite fresh selling pressure. 

BANKNIFTY:

Bank Nifty declined 0.58%, opening at 56,883.55 and trading within a narrow range throughout the session. The index touched an intraday high of 57,054.20 before slipping to an intraday low of 56,672.40, eventually closing at 56,755.60. The trend remains sideways, with Bank Nifty trading below its 30DMA, 200DMA, and 11DMA, indicating that the broader technical structure continues to remain weak. The RSI eased to 45.95, suggesting weakening momentum. Immediate resistance is placed at 57,000-57,350, while support is seen at 56,650-56,300. A sustained move above 57,000 could improve sentiment, while a break below 56,650 may lead to further downside. 

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) slipped 0.22%, opening at 14,587.45 and initially moving higher to an intraday high of 14,631.75, testing the immediate resistance zone. However, the index failed to sustain higher levels and gradually drifted lower to close at 14,541.05. The trend remains sideways to bullish, with the index continuing to trade above its 200DMA but below its 30DMA and 11DMA, indicating that the long-term structure remains positive while short-term momentum is still rebuilding. The RSI at 48.97 reflects neutral momentum. Immediate resistance is placed at 14,630-14,700, while support is seen at 14,480-14,400. A sustained breakout above 14,630 could revive bullish momentum, whereas a break below 14,480 may trigger additional profit booking.   

NIFTY IT:

Nifty IT surged 3.32%, opening gap-up at 29,825.40 and witnessing strong buying throughout the session. The index rallied sharply to an intraday high of 30,664.10 before consolidating in a range and closing firmly at 30,418.35. The trend remains bullish, with the index trading above its 30DMA and 11DMA, although it continues to remain below the 200DMA, indicating that the longer-term trend is still under recovery. The RSI rose to 66.66, reflecting strong bullish momentum, though it is approaching the overbought zone, suggesting that some profit booking cannot be ruled out in the near term. Immediate support is placed at 29,700-29,000, while resistance is seen at 31,300-32,150. A sustained move above 31,300 could further strengthen the recovery and extend the rally toward the next resistance zone. 

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 28th July 2026

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