Tata Steel, Bajaj Finance Shine, FIIs Continue Buying, Nifty Eyes 24,400

Indian Stock Market News Today – Market Opens with Positive Global Cues

Indian equity markets are expected to witness another action-packed trading session on 31 July 2026 as investors digest strong corporate earnings, sustained foreign institutional buying, improving global technology sentiment, and several important regulatory developments.

The market will closely monitor whether the Nifty 50 can reclaim the 24,400 level, while Bank Nifty attempts to move above 57,300. Better global sentiment, easing oil prices, and strong Q1 earnings may support market momentum.

Top Highlights

• Nifty targets a breakout above 24,400
• Bank Nifty faces resistance near 57,300
• FIIs remain net buyers
• Tata Steel reports healthy Q1 earnings
• Bajaj Finance delivers another strong quarterly performance
• Swiggy narrows quarterly losses
• IPO-bound NSE posts record profit
• SEBI settles long-pending NSE co-location matter
• Microsoft’s AI rally boosts global technology sentiment
• Tata Steel, Swiggy, Mazagon Dock and Astra Microwave remain key stocks to watch.

1. Nifty Technical Outlook

Technical analysts believe:

• Immediate resistance lies near 24,400
• Sustained buying above this level may trigger fresh upside.
• Bank Nifty needs to move decisively above 57,300.
• Traders should watch price action around these resistance levels before taking aggressive positions.

2. FIIs Continue Buying Indian Equities

Foreign Institutional Investors continued their buying streak by purchasing approximately ₹3,623 crore worth of Indian equities.

Meanwhile:

• Domestic Institutional Investors turned net sellers after several buying sessions.
• FII participation continues to provide confidence despite global uncertainties.

3. Tata Steel Posts Strong Q1 Results

Tata Steel reported encouraging June-quarter numbers.

Key Highlights

• Net Profit:
  • ₹2,318 crore
• Profit Growth:
  • 12% YoY
• Revenue also improved during the quarter.

The results indicate stable demand and improving operational efficiency.

4. Bajaj Finance Delivers Impressive Growth

Bajaj Finance once again delivered strong earnings.

Highlights

• Q1 Net Profit:
  • ₹5,986 crore
• Profit Growth:
  • 27% YoY

The company remains one of the strongest performers within the NBFC space.

5. Swiggy Continues Improving

Food delivery platform Swiggy reported improving operational performance.

Highlights include:

• Net loss narrowed to ₹791 crore
• Revenue increased 37%
• Continued growth in customer demand and platform activity.

6. Infosys Leadership Update

Infosys announced that CEO Salil Parekh will exit the company.

The management stated that the company remains well positioned to benefit from growing AI-led technology opportunities.

7. NSE IPO Story Gains Momentum

IPO-bound NSE reported impressive financial performance.

Highlights:

• Net income:
  • ₹3,120 crore
• Trading volumes remained robust.
• Investor interest in the upcoming IPO continues to grow.

8. SEBI Settles Major NSE Case

SEBI agreed to settle the long-running:

• NSE Co-location case
• Dark Fibre case

Settlement amount:

• ₹1,491 crore

SEBI also introduced the GARUDA mechanism to accelerate Alternative Investment Fund (AIF) launches.

9. IPO Market Remains Active

Upcoming IPO developments include:

• Aegeus Technologies IPO opens on 4 August
• Anawil Wire & Engineering IPO opens on 3 August
• Zepto pauses IPO plans in favour of pre-IPO fundraising
• Poojaa Precision Engineering SME IPO attracts exceptionally strong investor demand.

10. Global Markets Support Sentiment

International markets remained supportive.

Major developments:

• South Korea’s KOSPI continues its strong rally.
• Microsoft added nearly $490 billion in market value.
• Nasdaq 100 extended gains.
• Global AI optimism continues supporting technology stocks.

11. Key Policy Developments

Important government and regulatory updates include:

• RBI asks banks to maintain uniform deposit rates.
• Finance Ministry launches maritime insurance initiative.
• Government proposes airport tariff reforms.
• India tightens inspections of high-risk pharmaceutical facilities.

12. Stocks to Watch Today

Investors should monitor:

• Tata Steel
• Bajaj Finance
• Swiggy
• Astra Microwave
• Mazagon Dock
• Thermax
• Navin Fluorine
• Satin Creditcare
• GNG Electronics
• ICRA

Market Outlook

Indian markets continue to receive support from healthy corporate earnings, sustained foreign institutional buying, improving AI-related global sentiment, and a busy IPO pipeline. However, investors should remain cautious due to crude oil volatility, geopolitical developments, and key resistance levels on benchmark indices.

If Nifty successfully moves above 24,400, it could trigger fresh buying interest and improve overall market sentiment.

Frequently Asked Questions (FAQs)

1. What is the key Nifty level today?

The important resistance level is 24,400.

2. Which companies reported strong Q1 earnings?

Tata Steel, Bajaj Finance, ICRA, Torrent Pharma, and Swiggy were among the notable companies reporting results.

3. Are FIIs buying Indian equities?

Yes. FIIs remained net buyers with inflows of around ₹3,623 crore.

4. Which IPOs are in focus?

Aegeus Technologies, Anawil Wire & Engineering, and the IPO-bound NSE are key names in focus.

5. Which stocks should traders watch today?

Tata Steel, Bajaj Finance, Swiggy, Astra Microwave, Mazagon Dock, Thermax, Navin Fluorine, Satin Creditcare, GNG Electronics, and ICRA are among the key stocks to watch.