📊 Market Summary
The NIFTY index closed lower by 0.36% at 23,785.15 on 24 July 2026, reflecting a mixed market mood. Bank NIFTY bucked the trend, rising 0.34% to 56,755.40. Among the ~200 actively traded F&O stocks, 77 advanced while 84 declined, indicating a balanced breadth. The average price change was flat, signaling indecision across sectors.
🏆 Top Gainers & Losers
| Top Gainers | % Change | Sector | Notes |
|---|---|---|---|
| KPITTECH | +5.80% | Information Technology | Strong volume (3.5x), buying tail, positive opening test drive |
| TATAELXSI | +4.59% | Information Technology | Normal varied upward day with 2.4x volume |
| GODFRYPHLP | +4.05% | FMCG | Trend up day with buying tail and 2x volume |
| PERSISTENT | +3.48% | Information Technology | Neutral extended upward day, strong volume (4.4x), buying tail |
| AUBANK | +3.38% | Banking & Finance | Trend up day with 1.2x volume |
| Top Losers | % Change | Sector | Notes |
|---|---|---|---|
| MOTILALOFS | -7.58% | Banking & Finance | Heavy volume surge (24.9x) on normal day |
| SWIGGY | -3.82% | Diversified | Normal day with 2.1x volume |
| GVT&D | -3.33% | Infrastructure | Neutral center day with 5.4x volume |
| HEROMOTOCO | -3.10% | Automobile | Normal day with 2.6x volume |
| POWERINDIA | -3.09% | Infrastructure | Trend down day with 1.1x volume |
🏭 Sector Scorecard
| Sector | Average % Change | Number of Stocks |
|---|---|---|
| Information Technology | +1.76% | 12 |
| FMCG | +0.64% | 14 |
| Banking & Finance | +0.11% | 55 |
| Realty | +0.03% | 6 |
| Chemicals | +0.03% | 5 |
| Metals & Mining | -0.01% | 10 |
| Infrastructure | -0.12% | 26 |
| Pharmaceuticals | -0.26% | 16 |
| Energy & Oil | -0.28% | 17 |
| Diversified | -0.28% | 35 |
| Telecom | -0.35% | 3 |
| Automobile | -0.65% | 16 |
| Cement | -0.70% | 5 |
💰 FII/DII Activity
On 24 July 2026, the futures market saw some interesting moves from both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). FIIs held a net long position of 303,865 contracts in futures, indicating a bullish stance. This means they are generally optimistic about the market's near-term prospects, which can be a positive signal for retail traders looking for upward momentum.
On the other hand, DIIs showed a significant net short position of -3,839,816 contracts in futures. This suggests that domestic investors are more cautious or bearish right now, possibly hedging against volatility or expecting some downward pressure.
For retail traders, this mixed sentiment means it's important to stay alert. The bullish FII activity could support market gains, but the heavy short positioning by DIIs might indicate underlying risks or potential corrections ahead.
| Participant | Futures Long | Futures Short | Futures Net Position |
|---|---|---|---|
| FII | 3,782,989 | 3,479,124 | +303,865 |
| DII | 487,570 | 4,327,386 | -3,839,816 |
📰 News That Moved Markets
- Apar Industries shares rose after reporting an 80% year-on-year increase in Q1 PAT to ₹467 crore.
- Coforge
- Upcoming Q1 results next week from major companies including L&T, BEL, Coal India, Adani Enterprises, Bajaj Finance, Sun Pharma, Maruti Suzuki, HUL, Tata Power, and Swiggy are awaited by investors.
- CG Power and Industrial Solutions and ABB India shares declined by 2.59% and 2.13% respectively amid weak global cues.
- Sapphire Foods reported a 15% revenue increase with net profit of ₹14.04 crore in Q1.
📈 Volume & Smart Money Signals
Volume surged above 1.5 times average in 76 stocks, signaling active trading interest. Notably, Motilal Oswal saw a massive 24.9x volume spike on its sharp 7.58% decline. High delivery percentages, indicating strong investor holding, were seen in key banking and finance stocks such as Kotak Bank (70.7%), Axis Bank (70.2%), Cholamandalam Finance (70.0%), and Bajaj Finance (68.9%). This suggests institutional confidence in these names despite broader market caution.
🔮 Under the Hood: Market Structure
Today's market structure showed a Neutral Extended Upward day type for NIFTY, indicating a slight upward bias with balanced trading. The opening was mostly gap down for 113 stocks, with 47 opening within the previous day's fair value zone (the price range where most trading occurred) and 58 below the previous day's low zone.
There were 16 instances where price broke out of the first hour's range upward and 14 downward, showing mixed momentum early on. The most-traded price level (Point of Control) remained stable with 38 stocks showing aggressive buying at the day's lows (buying tails) and 27 showing heavy selling at highs (selling tails). Rapid price moves with no trading left behind (single prints) occurred 18 times upward and 4 times downward, reflecting some quick directional moves.
Overall, the market showed a balanced structure with slight upward tilt, supported by buying interest at lower levels but tempered by selling near highs.
⚡ F&O Highlights
No stocks were placed under the F&O ban list today, indicating normal trading conditions in derivatives.
🎯 Stocks to Watch Tomorrow
- KPITTECH – Strong momentum with 5.8% gain and high volume; watch for continuation or profit booking.
- Coforge – Positive news on AI deal and 3% gain; potential catalyst ahead of Q1 results.
- Motilal Oswal – Heavy volume and sharp decline; monitor for possible rebound or further weakness.
- Apar Industries – Q1 profit surge may attract buying interest.
- AUBANK – Banking sector trend up performer with steady volume.
📐 Key Levels for Tomorrow
| Index | Support | Resistance | Fair Value Zone |
|---|---|---|---|
| NIFTY | 23680.00 (Value Area Low) | 23800.00 (Value Area High) | 23680.00 to 23800.00 |
| BANKNIFTY | 56135.70 (Value Area Low) | 56785.70 (Value Area High) | 56135.70 to 56785.70 |