📊 Market Summary
The NIFTY index closed lower by 0.83% at 23,991.05, reflecting a bearish bias across the market. Among the ~200 actively traded F&O stocks, 163 declined while only 32 advanced, confirming broad weakness. Bank NIFTY also slipped 1.21% to 57,122.10, weighed down by losses in major banking names. The market saw heavy selling tails at the highs, indicating persistent selling pressure throughout the session.
🏆 Top Gainers & Losers
| Top Gainers | % Change | Sector |
|---|---|---|
| INDIAVIX | +6.14% | Diversified |
| BAJAJ-AUTO | +5.69% | Automobile |
| TVSMOTOR | +3.19% | Automobile |
| NESTLEIND | +3.02% | FMCG |
| KALYANKJIL | +2.83% | Diversified |
| Top Losers | % Change | Sector |
|---|---|---|
| BANDHANBNK | -16.05% | Banking & Finance |
| OFSS | -7.56% | Information Technology |
| PGEL | -5.61% | Diversified |
| MPHASIS | -4.72% | Information Technology |
| ADANIGREEN | -4.47% | Energy & Oil |
🏭 Sector Scorecard
| Sector | Average % Change | Stocks Covered |
|---|---|---|
| FMCG | +0.50% | 14 |
| Automobile | -0.08% | 16 |
| Telecom | -0.22% | 3 |
| Metals & Mining | -0.55% | 10 |
| Infrastructure | -0.59% | 26 |
| Energy & Oil | -0.75% | 17 |
| Diversified | -1.06% | 35 |
| Cement | -1.16% | 5 |
| Chemicals | -1.27% | 5 |
| Pharmaceuticals | -1.43% | 16 |
| Banking & Finance | -1.58% | 55 |
| Information Technology | -2.12% | 12 |
| Realty | -2.71% | 6 |
💰 FII/DII Activity
As of 21 July 2026, Foreign Institutional Investors (FIIs) showed a bullish stance with a net futures long position of 295,099 contracts. They held a total net long of 3,369,879 contracts combining futures and options. Domestic Institutional Investors (DIIs), however, were net sellers with a futures net short position of 3,774,033 contracts and a total net short of 4,138,032 contracts. This divergence indicates FIIs were buyers while DIIs reduced exposure the previous day.
📰 News That Moved Markets
- Sensex jumped over 550 points with Nifty rebounding in early trade, signaling initial bullish momentum despite the day's eventual dip.
- CSB Bank reported Q1 results with net profit rising 27% to ₹150 crore and revenue at ₹1,516 crore, providing a positive earnings catalyst.
- Mukul Agrawal's portfolio stock surged 20% after strong Q1 FY27 results and board approval for Singapore expansion, highlighting selective sector strength.
- Eternal reported Q1 FY27 revenue of ₹20,211 crore and profit of ₹92 crore, reflecting steady performance.
- Apollo Microsystems secured an Indian Navy order for a semi-submersible autonomous vessel prototype, indicating growth in defense tech.
📈 Volume & Smart Money Signals
Volume surged above average in 70 stocks, with 46 more showing above-average activity. Notably, Bajaj Auto and TVS Motor recorded volume multiples of 2.4x and 2.7x respectively, supporting their gains. High delivery percentages were seen in key stocks like PETRONET (71.7%), AXISBANK (71.6%), and ICICIBANK (71.0%), signaling strong institutional participation. Bandhan Bank’s sharp 16% drop came on 42.4x volume, indicating heavy selling pressure.
🔮 Under the Hood: Market Structure
Today’s market structure was predominantly bearish with 96 stocks showing a normal variation down day (Normal Var ↓), and only one stock each in strong upward and downward trending sessions (Trend ↑ and Trend ↓). The opening was mixed, with 32 stocks opening below the previous day’s fair value zone low (belowYesterdayVAL) and 25 opening with a gap down, reinforcing the negative tone.
There were 52 instances of a strong directional move down from the opening bell (Open Drive Down), compared to only 8 up moves, showing sellers dominated early. Selling tails appeared in 122 stocks, reflecting aggressive selling at the day’s highs, while buying tails were limited to 16 stocks. The most-traded price levels (Point of Control) generally shifted lower, and the price range where most trading occurred (Value Area) contracted downward, consistent with a market under selling pressure.
⚡ F&O Highlights
Only one stock, 1KAYNES, was on the F&O ban list today, indicating no unusual restrictions in major stocks. The market prepares for the next weekly and monthly expiry on 28 July 2026.
🎯 Stocks to Watch Tomorrow
- BANDHANBNK: Watch for further downside or recovery attempts after a steep 16% drop on heavy volume.
- BAJAJ-AUTO & TVSMOTOR: Both showed strong volume-backed gains and could continue to attract buying interest.
- NESTLEIND: FMCG strength may persist given its 3% rise and sector outperformance.
- OFSS & MPHASIS: IT sector weakness may continue; monitor for any reversal signals.
- PETRONET & AXISBANK: High delivery percentages suggest institutional interest; watch for momentum shifts.
📐 Key Levels for Tomorrow
| Index | Support | Resistance | Fair Value Zone |
|---|---|---|---|
| NIFTY | 23,920.00 (Value Area Low) | 24,000.00 (Value Area High) | 23,920.00 to 24,000.00 |
| BANKNIFTY | 57,000.00 (Value Area Low) | 57,300.00 (Value Area High) | 57,000.00 to 57,300.00 |
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