FIIs dump Rs 1,430 crore worth Indian equities while DII's buy Rs 4,345 crore

The Nifty50 snapped a three-day losing streak to close 198 points higher at 24,625, buoyed by stronger-than-expected GDP growth. India’s real GDP expanded 7.8 percent year-on-year in 1QFY26, the fastest pace in five quarters, compared with 6.5 percent in the same period last year. The upbeat data lifted sentiment across the board, with the Nifty Midcap100 and Smallcap100 gaining 2 percent and 1.6 percent, respectively. Sectorally, auto and consumer durables led the rally, each rising over 2 percent on optimism around GST reforms, while IT added 1.6 percent as US inflation data reinforced expectations of a September Fed rate cut.

Siddharth Khemka, Head of Retail Research at Motilal Oswal Financial Services, said: “The consumption sector is expected to gain traction, supported by GST rationalization and upcoming festive demand. Within the domestic consumption theme, we remain positive on value retailers, as they are clear beneficiaries of the rapid shift towards organized retail channels and the rising popularity of one-stop family stores in Tier 2 and Tier 3 cities. Hotel stocks also remain in focus, with firm demand trends expected in the second half of FY26, led by a robust pipeline of MICE, weddings, cultural events, and corporate travel. Overall, while the domestic macro backdrop looks constructive, the overhang of higher US tariffs and persistent FII selling could keep markets in a range.”

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any.