📊 Market Summary
The NIFTY index closed higher by 1.06% at 24,242, supported by broad gains across sectors. Among the ~220 actively traded F&O stocks, 132 advanced while 50 declined, reflecting a bullish market bias. Bank NIFTY also gained 0.84%, closing at 57,193.60. The market saw a mix of opening gaps and price moves, with 51 stocks opening higher and 5 showing strong directional moves from the opening bell.
🏆 Top Gainers & Losers
| Top Gainers | % Change | Sector |
|---|---|---|
| Kaynes | +12.46% | Infrastructure |
| Crompton | +7.16% | Diversified |
| Swiggy | +6.07% | Diversified |
| KPIT Technologies | +5.61% | Information Technology |
| Divis Laboratories | +5.23% | Pharmaceuticals |
| Top Losers | % Change | Sector |
|---|---|---|
| Phoenix Ltd | -6.72% | Realty |
| India VIX | -3.30% | Diversified |
| Adani Ports | -3.20% | Diversified |
| ICICI GI | -2.97% | Banking & Finance |
| Mphasis | -2.73% | Information Technology |
🏭 Sector Scorecard
| Sector | Average % Change | Number of Stocks |
|---|---|---|
| Metals & Mining | +2.43% | 10 |
| Information Technology | +1.70% | 12 |
| FMCG | +1.55% | 14 |
| Telecom | +1.55% | 3 |
| Pharmaceuticals | +1.16% | 16 |
| Diversified | +1.03% | 35 |
| Infrastructure | +0.84% | 26 |
| Banking & Finance | +0.67% | 55 |
| Cement | +0.45% | 5 |
| Chemicals | +0.39% | 5 |
| Automobile | +0.18% | 16 |
| Energy & Oil | -0.13% | 17 |
| Realty | -1.13% | 6 |
💰 FII/DII Activity (As of 28 July 2026)
Foreign Institutional Investors (FIIs) showed a bullish stance with a net long position of 648,104 contracts across futures and options. They held 3,537,055 futures long and 3,178,447 futures short positions. Domestic Institutional Investors (DIIs), however, maintained a net short position of -3,893,300 contracts, with significantly higher futures short holdings at 4,215,236 contracts compared to 328,728 long contracts.
📰 News That Moved Markets
- ICICI Securities recommended buying Tata Power with a target of ₹485 and Supreme Industries targeting ₹3,938, signaling confidence in these stocks.
- Devyani International reported a nearly four-fold jump in profits, driven by improved demand for KFC outlets.
- Sun Pharma's Q1 preview suggests robust domestic growth with an expected revenue increase of 11% year-on-year.
- Indian Oil is exploring acquisition of a 50% stake in large gas carriers amid higher US LPG imports, indicating strategic expansion.
📈 Volume & Smart Money Signals
Nearly 98 stocks experienced volume surges exceeding 1.5 times their average, highlighting strong trading interest. High delivery percentages were noted in key F&O stocks such as UPL (76.1%), Sun Pharma (75.4%), Bharti Airtel (74.5%), and HDFC Bank (66.5%), indicating strong investor conviction and possible accumulation by smart money.
🔮 Under the Hood: Market Structure
The market showed a bullish bias with 132 advancing stocks out of ~220 F&O names. The day type distribution included 55 stocks in a normal variation upward day (price moved higher but within a wider range), and 33 stocks in a neutral center day (prices stayed within the previous day's fair value zone). Only 3 stocks experienced a strong upward trending session, while 1 showed a downward trend.
Opening price behavior was mixed: 51 stocks opened with a gap up, 53 opened above the previous day's fair value zone high, and 103 opened within the prior day's price range. There were 27 instances of a strong directional move from the opening bell upward, compared to 18 downward.
Buying tails, which indicate aggressive buying near the day's lows, were seen in 60 stocks, slightly outnumbering selling tails at 48. Rapid price moves without trading activity left behind (single prints) were more common on the upside (18) than downside (3), suggesting strong buying momentum.
The most-traded price level (Point of Control) generally shifted higher, and the fair value zone expanded, reflecting increased acceptance of higher prices. Overall, the market structure supports the bullish sentiment observed in price action and volume.
⚡ F&O Highlights
No stocks were placed under F&O ban today, indicating normal trading conditions in derivatives markets.
🎯 Stocks to Watch Tomorrow
- Kaynes: After a 12.46% rally on strong volume and buying interest, watch for continuation or profit booking.
- Crompton: With a 7.16% gain in a trending session, momentum could carry forward.
- Swiggy: Showing strong volume and buying tails, it may attract further attention.
- Divis Laboratories: Pharmaceutical sector strength and volume support could sustain gains.
- HDFC Bank: High delivery percentage and steady sector performance make it a key stock to monitor.
📐 Key Levels for Tomorrow
| Index | Support | Resistance | Fair Value Zone |
|---|---|---|---|
| NIFTY | 24,198.20 (Value Area Low) | 24,278.20 (Value Area High) | 24,198.20 to 24,278.20 |
| BANKNIFTY | 57,085.70 (Value Area Low) | 57,285.70 (Value Area High) | 57,085.70 to 57,285.70 |